Asked by
aaliyah harvey
on Nov 06, 2024Verified
Which of the following is a group-based incentive system?
A) A knowledge-based pay plan
B) A skill-based pay plan
C) A stock-purchase plan
D) A piece-rate incentive plan
Group-based Incentive System
A reward system where incentives are given to a group of employees based on their collective performance.
Knowledge-based Pay Plan
A compensation strategy where employees are paid based on their skills, knowledge, and abilities, rather than their job title or position.
- Distinguish between the characteristics of individual and group incentive schemes and their efficacy.
Verified Answer
MC
Learning Objectives
- Distinguish between the characteristics of individual and group incentive schemes and their efficacy.