Gina Has Heard Good Things About Incentive Programs,but Doesn't Know

question 54

Multiple Choice

Gina has heard good things about incentive programs,but doesn't know much about them.She asks you for examples of incentive programs and you tell her about two such program.They are

• A) employee-of-the-month awards and profit-sharing plans.
• B) wages based on comparable worth and profit-sharing plans.
• C) gain-sharing plans and profit-sharing plans.
• D) wages based on comparable worth and gain-sharing plans.
• E) employee recognition and profit-sharing plans.

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Definitions:

Vertical Axis

In graphing, the y-axis upon which variables or values are plotted, typically representing dependent measurements in a chart or graph.

Real Salary

The purchasing power of an individual's income, taking into account the effect of inflation on spending power.

Nominal Salary

The amount of money earned by an employee before any deductions or adjustments for inflation.

Goods and Services

Physical products (goods) and intangible benefits (services) that fulfill consumers' needs or desires.