An Example of a Nonfinancial Reward That May Motivate a Salesperson

question 69

Multiple Choice

An example of a nonfinancial reward that may motivate a salesperson is

• A) personal recognition.
• B) compensation.
• C) a bonus plan.
• D) a stock plan.

Recognize the benefits and purposes of profit-sharing, gain-sharing, and employee stock ownership plans (ESOPs) in organizational success.

Describe the different types of benefits offered to employees, including family-friendly benefits and early retirement incentive plans, and their impact on work-life balance.

Explain the processes of employee selection, recruiting, and the legal context of human resource management.

Articulate the goals, major tasks, and the role of human resource management (HRM) in organizations.

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Definitions:

Liquidation Gain/Loss

The financial result realized when the assets of a company are sold off or liquidated.

Liquidating

The process of converting a company's assets into cash and distributing it to the debt holders and shareholders during the winding up of the company.

Capital Account Balances

The values recorded in a country's or organization's financial accounts, related to capital assets and liabilities.