________ Is a Type of Incentive Pay in Which Payments

question 62

Multiple Choice

________ is a type of incentive pay in which payments are a percentage of an organization's profits and do not become part of its employees' base salary.

• A) Merit pay
• B) Gainsharing
• C) Group bonus
• D) Profit sharing
• E) Commission

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Definitions:

Supply Curve

A graphical representation showing the relationship between the price of a good and the quantity of the good that suppliers are willing to sell.

Inelastic

Describing a situation in which the demand or supply of a good or service is relatively unresponsive to changes in price.

Demand

The amount of a product or service that customers can and are willing to buy at different price levels over a specified time.

Supply

The total amount of a product or service that is available for purchase at any given price.