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NEW QUESTION: 1
Which of the following is the best definition of the Scanlon Plan?
A. Employees' pay fluctuates based on what type of work they are performing.
B. Employees are rewarded based on the number of units they sell.
C. Employees share in the cost savings achieved through productivity gains.
D. Employees are rewarded in non-compensatory methods, such as training or time off.
Answer: C
Explanation:
Explanation/Reference:
Answer option D is correct.
The Scanlon Plan is a cost saving productivity-incentive plan. It was created in the 1930s by Joseph Scanlon. In this plan, employees are rewarded for productivity and cost savings to promote performance of the organization.
Answer option C is incorrect. This is an example of a commission-based pay or a per-unit productivity pay.
Answer option A is incorrect. This is a generic definition of variable pay and isn't the best choice for the question.
Answer option B is incorrect. This isn't a definition of the Scanlon Plan.
Reference: Professional in Human Resources Certification Study Guide, Sybex, ISBN: 978-0-470-43096-5.
Chapter Six: Total Rewards. Official PHR and SPHR Certification Guide, HR Certification Institute, ISBN:
978-1-586-44149-4, Section III, The US Body of Knowledge.
Chapter: Compensation and Benefits
Objective: Total Rewards Defined
NEW QUESTION: 2
A. accept
B. persist
C. error
D. fault
E. continue
Answer: A,C,E
NEW QUESTION: 3
The Administrator may require a firm to supply it with any prospectus, pamphlet, advertisement, or other sales literature intended for prospective investors unless the security
I. will be sold only through an investment advisory firm.
II. is a federal covered security.
III. is issued by a state credit union.
A. I, II and III
B. II and III only
C. II only
D. I only
Answer: B
Explanation:
Explanation/Reference:
Explanation: Only Selections II and III are correct. The Administrator may require a firm to supply it with any prospectus, pamphlet, advertisement, or other sales literature intended for prospective investors unless the security is a federal covered security or is issued by a state credit union, both of which are on a longer list of exempted securities. It doesn't matter whether or not the securities will be sold to clients of an investment advisory firm.