The Common Feature to All Types of Incentive Plans Is

question 16

Multiple Choice

The common feature to all types of incentive plans is:

• A)a standard of performance to determine magnitude of incentive pay.
• B)a sharing formula between worker and employer.
• C)penalties for poor performance.
• D)limits on magnitude of incentive pay.

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Definitions:

Perception

Process of experiencing the world and making sense out of what you experience.

Halo Effect

The phenomenon where a positive impression in one area influences one's perception in other areas.

Primacy Effect

The tendency to remember information at the beginning of a list better than information in the middle or end.

Horn Effect

A cognitive bias causing negative traits or experiences with an individual to influence overall perception of them disproportionally.