What is the most common type of pay for performance used by firms?
A) Perks
B) Bonuses
C) Stock options
D) Nonmonetary rewards

Question

Quizplus · Accepted Answer

Bonuses are the most common type of pay for performance used by firms. This is because it is a simple and effective way to incentivize employees to work harder and achieve more. Perks and nonmonetary rewards are also used by some firms, but they are not as common as bonuses. Stock options are often used as a long-term incentive for executives, but they are not typically used for most employees.

What Is the Most Common Type of Pay for Performance