Which of the Following Is True of Individual Incentive Pay

question 51

Multiple Choice

Which of the following is true of individual incentive pay programs?

• A)Individual incentive pay programs are not rolled into base pay.
• B)Individual incentives often motivate employees do whatever they get paid for and nothing else.
• C)Individual incentives are calculated based on the annual profit of the company.
• D)Individual incentives are not effective in manufacturing industries where employees work independently.
• E)Individual incentive pay programs are common in organizations.

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Definitions:

Pure Competition

A market structure characterized by an extremely high level of competition, where no single buyer or seller can influence the market price.

Advertising

The activity or profession of producing advertisements for commercial products or services to influence consumer behavior.

Purely Competitive Industry

An industry structure where many firms offer a standardized product, entry and exit are easy, and no single supplier controls the market price.

Sales Promotion

Marketing strategies aimed at increasing consumer demand or stimulating market demand through special offers, discounts, or events.