In Which Type of Individual Incentive Program Does Each Task

question 97

Multiple Choice

In which type of individual incentive program does each task have an assigned amount of time for completion?

• A)Straight piece-rate plan
• B)Differential piece-rate plan
• C)Standard hour plan
• D)Individual bonus plan
• E)Merit payment plan

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Definitions:

Dividend

A portion of a company's earnings distributed to its shareholders, typically in the form of cash or stock.

Treasury Stock

Shares once issued to the public but then re-obtained by the originating company, lessening the quantity of stock present in the marketplace.

Common Stock

Equity security that represents ownership in a corporation, giving holders the right to vote and share in the company's profits.

Retained Earnings

Profits that are not distributed as dividends but are instead reinvested into the business.