The Two Traditional Forms of Employee Compensation Include

question 78

Multiple Choice

The two traditional forms of employee compensation include

• A)hourly wage and individual incentive.
• B)hourly wage and profit sharing.
• C)salary and individual incentive.
• D)hourly wage and gainsharing.

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Definitions:

Factory Overhead

All indirect costs associated with the production process, such as utilities, maintenance, and management salaries.

Used

Previously owned or operated, indicating items or equipment that are not new and have been utilized before.

Factory Building

A structure designed for manufacturing processes, where goods are produced or assembled by manpower, machinery, or both.

Utilities

Companies that provide essential services such as water, electricity, or natural gas to the public.