Which of the Following Is True Concerning Incentive Pay

question 17

Multiple Choice

Which of the following is true concerning incentive pay?

• A)The award is earned only when the predetermined work objective is totally completed.
• B)Motivates employees to be more productive,but does little to control payroll costs.
• C)Awards are granted in one-time payouts.
• D)Incentive levels are generally subjective in nature.

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Definitions:

Collections

The process of pursuing payment on debts owed by individuals or businesses, typically involving accounts receivable.

Credit Sales

Transactions where the buyer purchases goods or services on credit, agreeing to pay the seller at a later date, thus generating accounts receivable for the seller.

Monthly Sale

Financial transactions or revenue generated from sales within a particular month.

Credit Sales

Sales transactions where the payment is deferred to a future date, typically documented with an invoice.