Which of the following terms describes a contract by which the value of the compensation depends on the measured performance of the employee?
A)Explicit incentive contract
B)Implicit incentive contract
C)Risk sharing contract
D)Compensation contract
E)Pay-for-performance contract

Question

Quizplus · Accepted Answer

A pay-for-performance contract is a type of compensation contract where the compensation of the employee is dependent on their workplace performance, measured through predetermined performance metrics.

Which of the Following Terms Describes a Contract by Which