Asked by ALANA MANNING on Jul 08, 2024
Verified
What do stock options, sales commissions, and piece-rate pay have in common?
A) Used for non-managers only
B) All incentive plans
C) Used for managers only
D) Pay tied to passage of time
E) All nonincentive plans
Stock Options
Financial instruments granted to employees, giving them the right to buy the company's stock at a fixed price in the future.
Sales Commissions
Financial rewards given to sales personnel based on the volume or value of sales they have achieved, serving as an incentive.
Piece-Rate Pay
A compensation system where employees are paid based on the quantity of units they produce or complete.
- Grasp the multitude of incentive types available in organizational scenarios and their role in enhancing worker motivation.
Verified Answer
Jul 13, 2024
Learning Objectives
- Grasp the multitude of incentive types available in organizational scenarios and their role in enhancing worker motivation.
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