What Is the Difference Between Bonuses and Team Awards

question 96

Multiple Choice

What is the difference between bonuses and team awards?

• A) Bonuses are for bigger work groups whereas team awards are for small teams.
• B) Bonuses reward individual performance whereas team awards encourage cooperation.
• C) Bonuses are usually given to employees who meet deadlines whereas team awards are given only when the team as a whole meets the targets.
• D) Bonuses encourages competition among individuals whereas team awards only foster cooperation.
• E) Bonuses reward attainment of goals measured in terms of physical output whereas team awards reward performance in terms of cost savings.

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Definitions:

Freedom of Speech

The right to express one's opinions and ideas without fear of government retaliation or censorship.

Pay Package

The total compensation, including salary, benefits, bonuses, and any other financial rewards, offered to an employee by an employer.

Labor Union

An organization that acts on behalf of all employees in negotiations with the employer regarding terms of their employment.

Wagner Act

Also known as the National Labor Relations Act of 1935, it established the right of workers to form unions and engage in collective bargaining.