Which of the following is a method where a combination of performance measures directed toward the company's long- and short-term goals are used as the basis for awarding incentive pay?
A) merit pay
B) profit sharing
C) gainsharing
D) balanced scorecard
E) Scanlon plan

Question

Quizplus · Accepted Answer

The balanced scorecard is a method that incorporates both long- and short-term goals in awarding incentive pay. It uses a combination of financial and non-financial measures to assess performance, including customer satisfaction, internal business processes, learning and growth, and financial outcomes. This method aligns employee performance with the overall strategic objectives of the organization.

Which of the Following Is a Method Where a Combination