The Pay-For-Performance Program That Does Not Use a Bonus Payment

question 60

Multiple Choice

The pay-for-performance program that does not use a bonus payment as a payment method is

• A)Employee Share Ownership Plan.
• B)profit sharing.
• C)a Scanlon plan.
• D)incentive pay.

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Definitions:

Innovation

The process of creating new ideas, products, or methods that bring about significant improvements or change.

Market Share

The share of a market dominated by a specific company or product.

Large Firm

A corporation or business entity that operates on a large scale, typically characterized by a significant number of employees, operations in many locations, and sizable market power.

Invention

The creation of a new product, process, or method that has not previously existed.