Question 1

The concept of the reward relationship being one of exchange between buyers and sellers of labour is known as:&#10;A) the value proposition.&#10;B) total reward management.&#10;C) the effort bargain.&#10;D) equity theory.

Accepted Answer

The concept of the reward relationship being one of exchange between buyers and sellers of labor is known as the effort bargain. This concept focuses on the negotiation between employers and employees regarding the amount of effort the employee will provide in exchange for their compensation.

Question 2

According to White (2017), Reward Management is based primarily on two bodies of theoretical literature, namely:&#10;A) sociology and economics.&#10;B) social psychology and economics.&#10;C) anthropology and economics.&#10;D) none of these.

Accepted Answer

Reward Management is primarily based on the theoretical literature of social psychology and economics, which together help in understanding the motivations behind work behavior and the impact of financial and non-financial rewards.

Question 3

According to White (2017), intrinsic rewards of work include a sense of meaningfulness, growth, community and ______.&#10;A) opportunity&#10;B) engagement&#10;C) satisfaction&#10;D) choice

Accepted Answer

D

Question 4

According to White (2017), three main contingencies for reward have been identified ______.&#10;A) person, team and job&#10;B) person, team and performance&#10;C) person, job and performance&#10;D) job, team and performance

Accepted Answer

The three main contingencies for reward identified according to White (2017) are person, job, and performance. These factors are considered when determining how rewards are allocated in organizational settings, reflecting the importance of individual characteristics (person), the nature of the work itself (job), and the outcomes or results achieved (performance).

Question 5

Brown (1989) argues that pay systems are subject to two basic criteria:&#10;A) performance and contribution.&#10;B) contribution and time.&#10;C) time and performance.&#10;D) none of these.

Accepted Answer

Brown (1989) argues that pay systems are primarily evaluated based on two fundamental criteria: time and performance. This means that compensation is often determined by how long an employee has worked (time) and how well they have performed their job duties (performance).

Question 6

The 'effort bargain' (Behrend 1957) concept of reward concerns:&#10;A) the reward relationship, which is one of exchange between buyers and sellers of labour.&#10;B) the reward relationship, which is one of effort leading to fair reward.&#10;C) the reward relationship, where rewards are negotiated in advance.&#10;D) none of these.

Accepted Answer

The 'effort bargain' concept by Behrend (1957) refers to the exchange relationship between employers and employees, where labor is exchanged for rewards, aligning with choice A.

Question 7

Which author is the first to use the phrase 'New Pay' (where remuneration needs to be linked to business strategy and corporate objectives) in 1990?&#10;A) Guest&#10;B) Lawler&#10;C) Rees&#10;D) Armstrong

Accepted Answer

Edward E. Lawler III is credited with first using the phrase 'New Pay' in 1990, emphasizing the need to link remuneration with business strategy and corporate objectives.

Question 8

New Pay needs to vary in line with ______ performance.&#10;A) individual&#10;B) group&#10;C) organizational&#10;D) individual, group and organizational

Accepted Answer

New pay structures are increasingly designed to reflect a combination of individual, group, and organizational performance, allowing for a more holistic evaluation of contributions to the company's success.

Question 9

Classic economic theory argues that ______.&#10;A) the price of labour is not fixed where the supply of labour intersects with the demand for labour.&#10;B) the price of labour is fixed where the supply of labour intersects with the demand for labour.&#10;C) the price of labour is not linked to the demand for labour.&#10;D) the price of labour is fixed to the demand for labour

Accepted Answer

Classic economic theory posits that the price of labor is determined at the equilibrium point where the supply of labor meets the demand for labor.

Question 10

Process theories of motivation explain:&#10;A) what motivates people to do.&#10;B) how individuals are motivated.&#10;C) the contextual factors concerning motivation.&#10;D) none of these.

Accepted Answer

Process theories of motivation focus on the "how" of motivation, explaining the process through which internal factors influence an individual's motivation.

Question 11

The hierarchy of needs model of motivation is attributable to ______.&#10;A) Maslow (1954)&#10;B) Vroom (1964)&#10;C) Herzberg (1970)&#10;D) Skinner (1953)

Accepted Answer

The answer of The hierarchy of needs model of motivation...

Question 12

The Porter-Lawler expectancy model of work motivation argues that ______.&#10;A) perceived effort reward probability and the value of the reward precedes performance accomplishment, rewards and perceived equitable rewards.&#10;B) the valence of reward leads to the magnitude of job satisfaction.&#10;C) in order to achieve satisfaction, five levels of motivation need to be accomplished.&#10;D) none of these.

Accepted Answer

The answer of The Porter-Lawler expectancy model of work motivation...

Deck 7: Reward Strategy and Managing Performance