Recognition is considered one type of team-based pay. Recognition is best described as an):
A) opportunity to indirectly point out the worst performers in a team.
B) monetary award of at least $2500.
C) percentage of corporate profits given to the highest performing teams on an annual basis.
D) one-time award for a team performing well beyond expectations, or for completing a project, program, or product.

Question

Quizplus · Accepted Answer

Recognition is a type of team-based pay that involves a one-time award for a team that has performed exceptionally well, gone beyond expectations, or completed a project or program successfully. It does not necessarily involve monetary compensation or a percentage of corporate profits, and it should not be used to point out poor performers in a team.

Recognition Is Considered One Type of Team-Based Pay