Senior Secondary (HKDSE) · Business, Accounting and Financial Studies

Reward management : Practice Questions

5 multiple-choice questions marked as you go, and 4 written questions with worked solutions. All on Reward management .

9 questions28 marksFree, no account

Question 1

1 mark

Which of the following best describes the purpose of offering employee benefits such as health insurance or provident funds?

Question 2

1 mark

An advertising agency pays its creative designers based on the number of successful client campaigns they lead. This is an example of which type of compensation?

Question 3

1 mark

A manufacturing company is experiencing high turnover among its skilled technicians who perform routine maintenance. The management wants to implement a reward system that reduces turnover and encourages long-term commitment, without necessarily increasing immediate productivity significantly. Which compensation strategy would be most suitable?

Question 4

1 mark

Which of the following is an example of a monetary reward?

Question 5

1 mark

A software development company wants to motivate its employees to innovate and deliver high-quality code. They offer bonuses based on the successful completion of project milestones and positive client feedback. This compensation approach is an example of which type of pay?

Question 6

2 marks

Identify one characteristic of monetary rewards in reward management.

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Question 7

5 marks

A factory's piece-rate system has resulted in high production speed but excessive material wastage and poor quality control. Evaluate the effectiveness of replacing this with a combination of time-based pay and a profit-sharing scheme to balance productivity with resource efficiency.

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Question 8

8 marks

Bright Future Education Centre is reviewing its reward system to improve teacher retention. Currently, they only offer a fixed monthly salary (time-based pay).

(a) According to Herzberg’s Dual-factor Theory, explain why increasing the basic salary might prevent dissatisfaction but may not necessarily motivate teachers to improve their teaching quality. (4 points)

(b) The centre is considering introducing performance-based pay (e.g., bonuses based on student enrollment). Discuss one advantage and one disadvantage of this form of compensation for the centre. (2 points)

(c) Apart from monetary rewards, suggest two non-monetary rewards that could act as 'motivators' under Herzberg's theory to enhance teachers' job satisfaction. (2 points)

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Question 9

8 marks

Green Energy Co. is considering changing its reward system for its sales team. Currently, they use time-based pay (monthly salary), but the management is proposing a shift toward performance-based pay (commission).

(a) Compare time-based pay and performance-based pay in terms of their impact on employee motivation and cost certainty for the company. (4 points)

(b) Describe two characteristics of monetary rewards. (2 points)

(c) Other than direct pay, Green Energy Co. provides various benefits to its staff. Explain two purposes of providing these benefits. (2 points)

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