A Reward Offered on a One-Time Basis for High Performance

question 54

Multiple Choice

A reward offered on a one-time basis for high performance is referred to as a:

• A) merit pay increase.
• B) bonus.
• C) subsidy.
• D) differential piece rate system.

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Definitions:

Apparent Authority

The appearance or assumption of authority based on the actions, words, or deeds of the principal or because of circumstances the principal created.

Doctrine of Estoppel

A legal principle that prevents a person from asserting something contrary to what is implied by a previous action or statement by them, or by a previous relevant judicial determination.

Expressly Bind

To clearly, explicitly, or directly impose a legal obligation or duty.

Principal's Identity

Refers to the clear disclosure or acknowledgment of the principal party in an agency relationship.