To Qualify as Incentive Pay,a Performance-Based Compensation Program

question 11

Multiple Choice

To qualify as incentive pay,a performance-based compensation program:

• A)must use monetary rewards.
• B)must use only non-monetary rewards.
• C)may use either monetary or non-monetary rewards.
• D)may only use piece rates and commissions.

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Definitions:

Extrapolation

Extending past rates of change into the future.

Relevant Legislation

Laws and legal provisions that are pertinent to a particular situation, activity, or context, affecting how entities should operate or comply.

Economic Trends

Patterns or movements in the economy that indicate the general direction of economic growth, decline, or stability over a period.

Immediate Supervisors

The directly overseeing manager(s) or leader(s) in a workplace, responsible for day-to-day management and guidance of employees.