89. Which of the following steps in the performance reward plan model comes before the others listed? A set performance rewards C. identify performance measures 8. determine reward D. identify critical success factors 90. Objectives for a payplan A, are not needed in a performance-based plan. B. must be stated for a performance-based plan to work C. are essential for a periodic compensation plan to be successful. D. are unnecessary for a merit pay plan. 91. Which of the following pay plans encourages the improvement of the overall company's well- being? A monthly salary B. cafeteria plan Cprofit sharing D. pensions 92. Which performance plan is most tied to company objectives? A. profit sharing B. pension C. piece rate D. merit pay 93. Which performance plan best promotes quality of the product or service? A plece rate B. health insurance pensions D. profit sharing 94. Employee stock ownership in the employees' firm A. will encourage short term earnings growth patterns. B. will encourage employees to take a longer term perspective regarding their performance in the company C. is not suitable for hourly or salaried employees. D. is common for management in American firms. 95. A pay plan that gives an employee cash or stock equal to the difference between some specified stock price and the quoted market price at some future time period is A stock appreciation rights. B. an ESOP. C profit sharing D. merit pay. 96. The traditional compensation package provides a fixed monthly or weekly salaries. b. the same salary structure for all groups of employees. no incentive for non-top management to Improve performance. d. no need to include incentive compensation 97. A payplan that does not encourage the overall company good is A. profit sharing 8. an employee stock option plan. C. contingent pay D. monthly salary. 98. Which performance plan is most motivating? A health insurance B. plece rate Chourly wages D. pensions 99. Which of the following statements is true about the values statement of an organization? a. It is used to formulate the mission statement. b. It reflects the organization's culture by identifying beliefs about what is important to the organization. c. It focuses on long-range plans for the organization d. The values contained in the statement must be quantifiable. 100. Which of the following statements about an organization's mission statement is true? a. The mission statement should express an organization's purpose. b. The mission statement should Identify how an organization will meet the needs of its targeted customers. c The mission statement must be communicated throughout the organization. d. All of the statements are true