TRUE/FALSE
1.When Meg Whitman became CEO of Hewlett-Packard, she received an annual salary of just $1 but could earn over $8 million if the company hit certain performance goals.
2.Motivating and rewarding high performance improves organizational performance and helps to retain top talent.
3.Most incentive plans succeed even if they are poorly implemented because employees are motivated by the rewards.
4.Giving clocks and watches as rewards in Asian countries is well received by employees.
5.Avoid giving Chinese employee anything green, as the color is associated with an adulterous spouse.
6.In India, certificates and awards containing the company’s logo are highly valued.
7.It is better to have no bonus system at all than to have a bad one.
8.A poorly designed incentive plan can motivate the wrong behaviors and create anger and indifference.
9.Focusing employees on either long-term or short-term goals best aligns employees’ goals with organizational objectives.
10.The most frequently used long-term performance incentives are stock options