Several Organizations Have an Incentive That Managers Can Give to Their

question 90

Multiple Choice

Several organizations have an incentive that managers can give to their employees for outstanding singular effort not tied to any planned performance standard. What is such an incentive usually called?

• A) a stock option
• B) a spot bonus
• C) merit pay
• D) a differential piece rate

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Definitions:

Bayes' Law

A theorem that describes the probability of an event, based on prior knowledge of conditions that might be related to the event.

Conditional Probabilities

Probabilities of events given the occurrence of some other event.

Likelihood Probabilities

The probabilities that reflect the plausibility of different parameter values given the observed data, used in statistical inference.

Posterior Probabilities

The probabilities assigned to outcomes or hypotheses after taking into account known data and a priori probabilities.