Which term below is not one of the types of individual-level performance-based pay?
a. Merit pay
b. Piece rate
c. Bonus
d. Benefit
d. Benefit
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This question has two parts; be sure to answer both. First, what is the purpose of incentive plans? List the five keys to a successful incentive-pay plan. Second, imagine that you are the manager of a beauty salon that styles men's and women's hair, and also provides many other personal services, such as manicures, pedicures, and makeovers. What types of incentives might you give to your hair stylists to reward them for bringing in new customers? Give at least two specific examples of incentives at the beauty salon that are tied to realistic goals.
What will be an ideal response?
Mallory would like to attract better workers and enhance her organization’s employment brand. Adopting a(n) ________ organizational philosophy on compensation could help her achieve her goals.
A. at-the-market B. above-the-market C. pay for longevity D. pay secrecy E. profit pay
Study this sentence: Reupholstered in real leather, Steve Hedenquist happily paid for his chair
A) This sentence contains a logically placed verbal phrase. B) This sentence has a verbal phrase placed illogically.
Which of the following is NOT true regarding the use of short-term debt?
A) There is uncertainty connected with interest costs on short-term debt from year to year. B) It must be rolled over more often than long-term debt. C) The firm is subjected to greater liquidity risk when using short-term credit. D) Interest rates are usually higher on short-term debt.