Nancy Received $2000 for Substantially Exceeding Her Quarterly Performance Goals

question 30

Multiple Choice

Nancy received $2000 for substantially exceeding her quarterly performance goals. Nancy received incentive compensation under which type of plan?

• A) Specialty-based pay plan
• B) Knowledge-based pay plan
• C) Stock ownership plan
• D) Skills-based pay plan
• E) Bonus pay plan

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Definitions:

Chose in Action

A personal right to property that is recoverable through legal action, such as debts owed or rights in a contract.

Contract Mistakes

Errors made by one or more parties that can affect the validity and enforceability of a contract.

Constructive Trust

A trust inferred by the courts to benefit a third party to a contract.

Misrepresentation Remedies

Legal solutions available to someone who has suffered loss due to false statements, including rescission of contract or damages.