_____ Refers to Pay Awarded to Employees on the Basis

question 22

Multiple Choice

_____ refers to pay awarded to employees on the basis of the relative value of their contributions to the organization, which is a performance-based reward arrangement for individuals.

• A) Scanlon plan
• B) Piece-rate incentives
• C) Incentive pay
• D) Merit pay
• E) Gainsharing

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Definitions:

Income

Earnings received by an individual or entity, typically in the form of wages, salaries, or various types of investments.

Decreases

A decrease in the magnitude, amount, or intensity of an object or concept.

Horizontal Line

A straight line that has a constant y-coordinate for all its points, indicating it is parallel to the x-axis.

Slope

The measure of steepness or incline of a line, indicating the rate of change between two variables.