George Is Paid 38 Cents for Every Unit He Produces

question 171

Multiple Choice

George is paid 38 cents for every unit he produces.George is on a

• A) salary program.
• B) piece-rate incentive program.
• C) wage program.
• D) pay-for-performance program.
• E) merit pay program.

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Definitions:

Consequential Damages

Refers to losses or injuries that do not flow directly and immediately from an act, but result indirectly from the act.

Breach

The act of violating a law, promise, agreement, or barrier.

Special Circumstances

Situations that are exceptional, and may require different treatment or exceptions to standard rules or policies.

Incidental Beneficiary

A third party for whose benefit a contract was not made but who would substantially benefit if the agreement were performed according to its terms and conditions.