Test on Core Business and Management Principles
Core Business and Management Principles: Your Study Guide
Human Resources - Compensation & Motivation
20 questions
Question 1: Profit sharing involves employees receiving a one-off lump sum payment at the end of the year if they performed well.
A. Ano
B. Ne
Explanation: Profit sharing is employees receiving a small percentage of the profits of the business they work for, in addition to their basic wage/salary. A one-off lump sum payment made to employees who performed well, typically at the end of the year, describes bonus payments.
Question 2: Job enrichment involves adding more challenging tasks that require skills such as training, education, or qualification.
A. Ano
B. Ne
Explanation: Job enrichment is defined as adding more challenging tasks that need skills, training, education, or qualification, along with responsibility.
Question 3: Pension contributions are considered a financial reward.
A. Ano
B. Ne
Explanation: The study materials explicitly list pension contributions as a non-financial reward in multiple sections, including for experienced window cleaners, nursing assistants, machine operators, and in the general list of non-financial rewards.
Question 4: An experienced window cleaner's compensation can include an hourly wage.
A. Ano
B. Ne
Explanation: The study materials indicate that for an experienced window cleaner, 'time rate = hourly wage' is a component of their compensation.
Question 5: Promotion opportunities are considered a financial reward for employees.
A. Ano
B. Ne
Explanation: The study materials list 'opportunities for promotion' under '7. non-financial methods of motivation', indicating they are not a financial reward.