MANA 3320 EXAM 3 QUESTIONS WITH
100% CORRECT ANSWERS
What's holding women back, according to men and women? - Answer- lack of
management experience; women not in pipeline long enough; male stereotyping of
women; exclusion from informal networks
What are the three components that comprise expectancy theory? - Answer-
Expectancy, instrumentality, valence
What is expectancy in the expectancy theory? - Answer- effort will result in performance
What is instrumentality in the expectancy theory? - Answer- performance will result in
outcomes
What is valence in expectancy theory? - Answer- outcomes will be valuable
From the lecture (and the video from Office Space), which of the three components (of
expectancy theory) is the most critical with respect to compensation - Answer- valence
What is merit pay, individual incentives, gainsharing, profit sharing, stock option plan
theories of? - Answer- theories of compensation
What is the merit pay theory? - Answer- increases to base salary depend on result of
individual employees' performance evaluation
What are the individual incentives theory? - Answer- attach bonuses to the fulfillment of
individual employees' accounting-based or MBO-based goals
What is the gainsharing theory? - Answer- attach bonuses to the fulfillment of unit level
MBO-based goals
What is the profit sharing theory? - Answer- attach bonuses to the organization's level of
profitability
What are the stock option plans theory? - Answer- employees are given the option to
buy stock at a locked-in price
All of the following are considered in picking a pay level EXCEPT:
, a. labor-market competition
b. product-market competition
c. job evaluation
d. market pay benchmarks - Answer- job evaluation
as important as commitment is to employers, it is often difficult to witness directly.
Instead, employers look for specific behaviors considered to represent the opposite of
commitment (i.e. withdrawal). Which of the following represents this kind of behavior? -
Answer- absenteeism
What type of justice perceptions are influenced by pay structure, and how is this type of
justice defined? - Answer- distributive justice: the perceived fairness of decision
outcomes
What ratio do employees use to make equity comparisons? - Answer- Your
outcomes/inputs = comparison other's outcomes/inputs
Under-reward inequity - equity theory - Answer- YOU: outcomes/inputs < OTHER
COMPARISON: outcomes/inputs
Over-reward inequity - equity theory - Answer- YOU: outcomes/inputs > OTHER
COMPARISON: outcomes/inputs
How can equity be restored in over-reward inequity conditions? In other words, how do
employees respond to different inequity conditions - Answer- increase inputs (higher
motivation) or distort input perceptions
How can equity be restored in under-reward inequity conditions? In other words, how do
employees respond to different inequity conditions - Answer- decrease inputs (lower
motivation) or increase outcomes (theft)
From the article "In Detroit, two wage levels are the new way," what distinguishes newer
workers from longtime workers at Chrysler's manufacturing plants? - Answer- Their pay,
new workers are paid less
what is pay level? - Answer- average pay in the whole firm, primary factor when making
external comparisons
what is job structure? - Answer- relative pay of jobs within firm, primary factor when
making internal comparisons
identify whether pay level and job structure is equitable for organizations? - Answer-
Pay level
- company 1: (40000+60000)/2=50000
-company 2: (45000+55000)/2=50000
100% CORRECT ANSWERS
What's holding women back, according to men and women? - Answer- lack of
management experience; women not in pipeline long enough; male stereotyping of
women; exclusion from informal networks
What are the three components that comprise expectancy theory? - Answer-
Expectancy, instrumentality, valence
What is expectancy in the expectancy theory? - Answer- effort will result in performance
What is instrumentality in the expectancy theory? - Answer- performance will result in
outcomes
What is valence in expectancy theory? - Answer- outcomes will be valuable
From the lecture (and the video from Office Space), which of the three components (of
expectancy theory) is the most critical with respect to compensation - Answer- valence
What is merit pay, individual incentives, gainsharing, profit sharing, stock option plan
theories of? - Answer- theories of compensation
What is the merit pay theory? - Answer- increases to base salary depend on result of
individual employees' performance evaluation
What are the individual incentives theory? - Answer- attach bonuses to the fulfillment of
individual employees' accounting-based or MBO-based goals
What is the gainsharing theory? - Answer- attach bonuses to the fulfillment of unit level
MBO-based goals
What is the profit sharing theory? - Answer- attach bonuses to the organization's level of
profitability
What are the stock option plans theory? - Answer- employees are given the option to
buy stock at a locked-in price
All of the following are considered in picking a pay level EXCEPT:
, a. labor-market competition
b. product-market competition
c. job evaluation
d. market pay benchmarks - Answer- job evaluation
as important as commitment is to employers, it is often difficult to witness directly.
Instead, employers look for specific behaviors considered to represent the opposite of
commitment (i.e. withdrawal). Which of the following represents this kind of behavior? -
Answer- absenteeism
What type of justice perceptions are influenced by pay structure, and how is this type of
justice defined? - Answer- distributive justice: the perceived fairness of decision
outcomes
What ratio do employees use to make equity comparisons? - Answer- Your
outcomes/inputs = comparison other's outcomes/inputs
Under-reward inequity - equity theory - Answer- YOU: outcomes/inputs < OTHER
COMPARISON: outcomes/inputs
Over-reward inequity - equity theory - Answer- YOU: outcomes/inputs > OTHER
COMPARISON: outcomes/inputs
How can equity be restored in over-reward inequity conditions? In other words, how do
employees respond to different inequity conditions - Answer- increase inputs (higher
motivation) or distort input perceptions
How can equity be restored in under-reward inequity conditions? In other words, how do
employees respond to different inequity conditions - Answer- decrease inputs (lower
motivation) or increase outcomes (theft)
From the article "In Detroit, two wage levels are the new way," what distinguishes newer
workers from longtime workers at Chrysler's manufacturing plants? - Answer- Their pay,
new workers are paid less
what is pay level? - Answer- average pay in the whole firm, primary factor when making
external comparisons
what is job structure? - Answer- relative pay of jobs within firm, primary factor when
making internal comparisons
identify whether pay level and job structure is equitable for organizations? - Answer-
Pay level
- company 1: (40000+60000)/2=50000
-company 2: (45000+55000)/2=50000
