Each year, Save-A-Lot Market managers select three employees to receive a one-time reward of $300 for exceeding performance standards. The annual reward has become a highly visible motivational tool within the company. This is an example what type of incentive-pay program?

A) insurance benefit
B) profit-sharing plan
C) bonus
D) flexible benefit

Incentive-Pay Program

A compensation strategy designed to reward employees based on their performance or achievement of specific goals.

Profit-Sharing Plan

A plan in which employees receive additional compensation based on the profitability of the entire business.

Insurance Benefit

A payment or service provided under an insurance policy to cover losses or expenses incurred by the insured.