Several organizations have an incentive that managers can give to their employees for outstanding singular effort not tied to any planned performance standard. What is such an incentive usually called?

A) a stock option
B) a spot bonus
C) merit pay
D) a differential piece rate

Spot Bonus

A one-time payment given to an employee for exceptional performance, as a reward and motivation, usually without prior announcement or expectation.

Singular Effort

A term potentially referring to an individual's unique attempt or contribution toward a task or goal, emphasizing the solo nature of the endeavor.

Planned Performance Standard

Predefined benchmarks or expectations against which employee performance is measured, often used in performance appraisals.