Which of the Following Compensation Programs Uses a Management Style

question 59

Multiple Choice

Which of the following compensation programs uses a management style that gives importance to control?

• A)Gainsharing plan
• B)Incentive pay
• C)Ownership
• D)Merit pay
• E)Profit sharing

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Definitions:

Price

is the amount of money expected, required, or given in payment for something.

Product Quality

Product Quality is the degree to which a product or service meets or exceeds the customer's expectations in terms of reliability, durability, design, functionality, and price.

Perception

The process by which individuals interpret and organize sensation to produce a meaningful experience of the world.

Everyday Low

A pricing strategy where a retailer aims to provide products at low prices on a consistent basis instead of relying on sales or discounts.