Which Type of Pay for Performance Is Preferred by Individuals

question 3

Multiple Choice

Which type of pay for performance is preferred by individuals who have a high need for achievement?

• A) non-specific performance plan
• B) individual incentive plan
• C) group performance plan
• D) incentive plan

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Definitions:

Financial Reporting

Drafting statements that lay out the wealth status of a corporation for its managers, shareholders, and government overseers.

Heavily Regulated

Refers to industries or sectors that are subject to extensive government rules, regulations, and oversight.

Accounting Information

Data produced by accounting processes which include summaries of financial transactions and statements reflecting the financial status of an organization.

International Competitiveness

A measure of a country's ability to compete in the global market, based on factors like quality, price, and innovation.