The most basic form of pay for performance is the traditional _____ plan,whereby the employee is paid a specified amount of money for each unit of work.
A) time-rate
B) sales commission
C) profit-sharing
D) merit pay
E) piece-rate

Question

Quizplus · Accepted Answer

Piece-rate plans pay employees a specified amount of money for each unit of work performed, making it the most basic form of pay for performance. Time-rate plans pay employees based on the amount of time worked, sales commission plans pay employees based on the amount of sales they generate, profit-sharing plans pay employees a percentage of the company's profits, and merit pay plans pay employees based on their performance evaluations or other subjective measures of performance.

The Most Basic Form of Pay for Performance Is the Traditional