Asked by Anibal Navarro on Jun 14, 2024
Verified
As the owner of a real estate firm with multi-office operations,you provide a bonus to all sales personnel in the highest-producing office each month.What type of performance pay plan are you using?
A) goal-sharing
B) competitive bonus
C) pooled performance
D) group commissions
Group Commissions
A remuneration system where a team of employees earns commissions collectively based on the group's overall performance.
Competitive Bonus
An additional compensation provided to employees to incentivize superior performance, often used to remain attractive in a competitive job market.
Goal-Sharing
The practice of disseminating and aligning goals across an organization to ensure that all members are working towards common objectives.
- Acquire knowledge about diverse compensation schemes and their distinctive features.
Verified Answer
Learning Objectives
- Acquire knowledge about diverse compensation schemes and their distinctive features.
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