What Type of Pay Plan Is Being Used When Workers

question 73

Multiple Choice

What type of pay plan is being used when workers are paid a sum for each unit they produce?

• A) base pay
• B) competency-based pay
• C) job-based pay
• D) piecework

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Definitions:

Stock Price

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Quarterly Dividend

A dividend paid by a company to its shareholders every three months.

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NASDAQ Composite

An index of over 2,500 stocks listed on the NASDAQ stock exchange, representing a wide range of industries.