Each Year, Save-A-Lot Market Managers Select Three Employees to Receive

question 51

Multiple Choice

Each year, Save-A-Lot Market managers select three employees to receive a one-time reward of $300 for exceeding performance standards. The annual reward has become a highly visible motivational tool within the company. This is an example what type of incentive-pay program?

• A) insurance benefit
• B) profit-sharing plan
• C) bonus
• D) flexible benefit

---

Definitions:

Analyzer Strategy

A business approach where a company carefully monitors its competitors' successful innovations and then follows suit, trying to improve upon them.

Strategy Formulation

The process of creating strategies, identifying the resources needed and the steps to be taken to achieve a specific organizational goal or objective.

Critical Component

An essential part or element of something that is vital for its proper functioning or effectiveness.

Salary Structure

The framework within an organization that defines the pay ranges for different positions or levels of responsibility.