Asked by ALANA MANNING on Jul 08, 2024

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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.
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Verified Answer

NM
Nguyen Minh Nhat _ K14 FUG CT

Jul 13, 2024

Final Answer :
B
Explanation :
Stock options, sales commissions, and piece-rate pay are all types of incentive plans designed to motivate employees to achieve better performance and productivity. These plans offer rewards based on the employee's performance, which can encourage them to work harder and perform better. Incentive plans are usually tied to achieving specific goals or targets, which helps to align employee goals with organizational objectives.