Which Financial Incentive Pay Plan Involves Companies Paying Employees for Offering

question 54

Multiple Choice

Which financial incentive pay plan involves companies paying employees for offering ideas on how to cut costs or improve quality?

• A) A piecework system
• B) A production bonus system
• C) Profit sharing
• D) Payments for suggestions

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Definitions:

Routine Decision

A frequently made decision that requires minimal thought and is typically made out of habit.

Ski Boots

Footwear designed specifically for skiing, providing the necessary support, comfort, and connection to the ski for effective control.

Porterhouse Steaks

A large cut of steak that comes from the rear end of the short loin and contains a sizable amount of tenderloin steak along with a large strip steak separated by a T-shaped bone.

Personal Force

An individual's ability to influence others or events using their personal power and charisma.