Which of the Following Are All Forms of Variable-Pay Programs

question 35

Multiple Choice

Which of the following are all forms of variable-pay programs?

• A) piece-rate, merit-based pay, gainsharing
• B) profit-sharing, lump-sum bonuses, extended vacations
• C) wage incentive plans, flex time, piece-rate
• D) retirement benefits, extended vacations, wage incentive plans
• E) wage rate increases, bonuses, flex time

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Definitions:

Conforming Goods

Products that meet the specifications and terms outlined in a contract of sale, matching the buyer's expectations.

Buyer's Disposition

The buyer's intention or decision regarding the management, use, or sale of purchased assets.

Sale on Approval

A conditional sales agreement that allows the buyer to return the purchased goods if they don't meet specified requirements.

Option to Return

A contractual provision allowing a party to return a product or relinquish a service for reasons specified in the agreement.