Which Pay Strategy Is NOT a Form of Incentive Compensation

question 40

Multiple Choice

Which pay strategy is NOT a form of incentive compensation?

• A) Bonus system
• B) Hourly wage
• C) Gain sharing
• D) Profit sharing
• E) All of the above are forms of incentive compensation.

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Definitions:

Average Time

The mean time taken to perform a task or activity, calculated by summing the individual times and dividing by the number of observations.

Standard Time

A set duration assigned for completing a given task, based on average time studies and used for planning and scheduling work.

Revised Activity

An activity or task that has been modified or updated to improve efficiency or effectiveness.

Original Activity

An initial or primary action that serves as the basis or starting point for subsequent processes or operations.