After a Very Successful Year When the Firm Exceeded Targeted

question 209

Short Answer

After a very successful year when the firm exceeded targeted earnings levels by 10 percent, each employee received extra pay equal to 10 percent of what they earned for the year. This plan is called
merit salary.
pay-for-knowledge.
profit-sharing.
gainsharing.
pay-for-performance.

---

Definitions:

Anterior Side

The front or forward-facing side of the body or an anatomical structure, opposite of the posterior.

Scapula

A triangular-shaped bone that makes up part of the shoulder blade, serving as an anchor for several muscles.

Clavicle

A long bone that serves as a strut between the shoulder blade and the sternum or breastbone; known commonly as the collarbone.

Humerus

The long bone in the upper arm that runs from the shoulder to the elbow, connecting with several muscles and joints.