The Two Most Common Compensation Methods for Teams Are

question 152

Multiple Choice

The two most common compensation methods for teams are

• A) cash bonuses and cashless bonuses.
• B) skill-based pay and gain-sharing.
• C) piecework pay and commissions.
• D) salaries and capital gains.

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Definitions:

Utility

In economics, a measure of satisfaction or benefit derived from consuming goods and services.

Learning and Development

A strategic process aimed at enhancing employee skills, knowledge, and competency, contributing to organizational growth.

Business Impact Data

Information that helps in measuring the effect of an activity, process, or decision on the success and profitability of a business.

Cost-effectiveness Evaluation

This evaluation assesses the economic efficiency of different interventions or programs by comparing their costs to their outcomes or effects.