Question

6. The following behaviors are grounds for dismissal EXCEPT:

1. Unsatisfactory performance and misconduct
2. Becoming pregnant within one year of employment on the job
3. Lack of qualification for the job
4. Change of requirements or elimination of the job

7. How does merit pay differ from bonus?

1. Merit pay becomes part of an employee’s base pay, but bonus is not
2. A bonus becomes part of an employee’s base pay, but merit pay is not
3. A bonus is linked to individual performance, while merit pay is linked to company performance
4. A merit pay is linked to individual performance, while bonus pay is linked to company’s performance

8. Which of the following accurately describes the relevant date in relation to dismissal of an employee with notice given by his/her employer?

1. The date on which that notice termination expires, regardless of where it falls on the calendar
2. The date on which the termination expires, once it does not fall on a public holiday
3. The date on which the employees approved vacation expires
4. One week prior to the effective date of dismissal

9. What type of gain sharing plan uses the formula: net sales minus cost of materials supplies all divided by the total payroll expenses to determine employee bonuses?

1. Lincoln
2. Rucker
3. Improshare
4. Scanlon

10. Gain sharing is an incentive plan that:

1. uses a trust to hold stock in individual employee accounts and distributes it to employees upon retirement
2. engages many or all employees in a common effort to achieve a company’s productivity objectives, with any resulting cost-savings gains shared among employees and the company
3. contributes company’s shares of its own stock or cash to be used to purchase company stock to a trust established to purchase shares of the firm’s stock for employees
4. provides tax advantages for employees by deferring income taxes, often until employee retires.

Answer 1

1. The correct option is B. This is because being pregnant within one year of job does not lead to any situation that can possibly be a reason for dismissal from job as it is one's personal choice.

Rest all the other reasons can lead to grounds for dismissal from a job.

2. The correct option is A. Merit pay is basically an increase in the salary of an employee which becomes a part of the employee's base pay whereas bonus is a one time payment.

3. The correct option is B. The date on which the termination expires, once it does not fall on a public holiday.

4. The correct option is D. Scanlon.

5. The correct option is B. Gain sharing incentive is described as a system of management which is used by employers for increasing profitability of the company through motivating employees to take part and involve in the functions of business and then the gain which is generated through these efforts are shared among the employees and the company.

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