A ________ Plan Distributes Compensation Based on Some Established Formula

question 16

Multiple Choice

A ________ plan distributes compensation based on some established formula designed around revenue of the company.

• A) piece-rate
• B) merit-based
• C) skill-based
• D) profit-sharing
• E) competency-based

---

Definitions:

Department Managers

Individuals responsible for overseeing specific departments within an organization, managing staff, and ensuring the achievement of departmental objectives.

Data Entry Clerks

Administrative workers responsible for accurately inputting data into computer systems or databases.

Senior Employees

Workers who have extensive experience and tenure within a company or industry, often holding a higher rank or position due to their longevity and expertise.

Past Experience

Previous events or activities that an individual or organization has gone through, which influence current behavior, decisions, and actions.