An Incentive Plan Where a Portion of the Bottom-Line Economic

question 15

Multiple Choice

An incentive plan where a portion of the bottom-line economic company profits is given to employees is called __________. An incentive plan that combines a measurement of productivity with a financial bonus related to any increases in organizational productivity is called __________.

• A) job-based pay; skill-based pay
• B) competency-based pay; productivity-based pay
• C) profit sharing; gain sharing
• D) bonus sharing; incentive pay

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Definitions:

Intelligence

The capacity for learning, understanding, and applying knowledge and skills, and the ability to adapt to new situations.

Predictive Validity

The degree to which a score obtained from a test or scale forecasts an individual’s future achievements on a similar activity.

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Standardized tests used for college admissions in the United States, measuring reading, writing, and mathematics skills.

IQ Test

An IQ test is a standardized assessment designed to measure human intelligence and cognitive abilities relative to an age group.