Formal Organizations

question 89

Multiple Choice

Formal organizations

• A) are secondary groups that are organized to accomplish complex tasks efficiently.
• B) may be very small or very large.
• C) are not relevant to most people's lives.
• D) are generally organized around kinship or friendship.

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Definitions:

Lump-sum Merit Pay

A one-time payment awarded to an employee for exceptional performance, rather than an ongoing salary increase.

Base Pay

The initial rate of compensation an employee receives, excluding any additional benefits, bonuses, or overtime.

Annual Merit Raise

An increase in salary given yearly based on an employee's performance evaluation.

Performance Appraisal

The systematic evaluation of an employee's performance on the job, typically including both qualitative and quantitative assessments.