Which of the following terms refers to an incentive plan in which a person is paid a sum for each item he or she makes or sells,with a strict proportionality between results and rewards?
A) merit pay
B) variable pay
C) straight piecework
D) straight hourly pay
E) standard hour plan

Question

Quizplus · Accepted Answer

Straight piecework is an incentive plan in which a person is paid a sum for each item he or she makes or sells, with a strict proportionality between results and rewards. Merit pay is based on an employee's performance evaluation, while variable pay refers to any incentive plan that ties pay to productivity or profitability. Straight hourly pay is a fixed hourly wage, and a standard hour plan has a set amount of time allocated for each task.

Which of the Following Terms Refers to an Incentive Plan