Asked by KAPIL PATEL on Jul 29, 2024
Verified
ABC Corporation has a sales compensation plan that requires salespeople to be paid for performing various duties not reflected in their sales volume. What type of pay plan does this exemplify?
A) a straight salary plan
B) a merit plan
C) lump-sum merit pay
D) a standard hour plan
Sales Compensation Plan
A system designed to reward sales employees with commissions, bonuses, or other incentives based on their performance or sales achievements.
Straight Salary Plan
A compensation plan that permits salespeople to be paid for performing various duties that are not reflected immediately in their sales volume.
Sales Volume
The total quantity of products or services sold by a company within a specific period, often used as a measure of business activity.
- Become familiar with various compensation and incentive programs and their fitting applications.
Verified Answer
Learning Objectives
- Become familiar with various compensation and incentive programs and their fitting applications.
Related questions
Mark Recently Received an Incentive for a Special Contribution Not ...
At Steelcase, an Office Furniture Maker, Employees Can Earn More ...
Several Organizations Have an Incentive That Managers Can Give to ...
Which of the Following Is an Important Reason Why Employers ...
When Is Piecework Most Appropriate ...