A Compensation Plan That Provides a One-Time or Lump Sum

question 102

Multiple Choice

A compensation plan that provides a one-time or lump sum payment to employees who meet specific performance targets or make some other extraordinary contribution to a company is called:

• A)Two-tier wage system
• B)Employee stock ownership plan
• C)Bonus pay
• D)Base pay
• E)Merit pay

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Definitions:

C-frame Motors

Motors characterized by their C-shaped frame, typically used in specific applications where space and mounting are considerations.

Very Low Torque

Refers to a condition or capacity of generating minimal rotational force, often insufficient for overcoming system inertia.

Mechanical Load

The force or stresses applied to a system or component, usually resulting from mechanical devices or systems.

Coupling Device

A mechanical or electromagnetic component used to connect two shafts together at their ends for the purpose of transmitting power.