Jim jones received a 500 pay bonus as a result of his

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Mathematics: A Practical Odyssey
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Chapter 3 / Exercise 22
Mathematics: A Practical Odyssey
Johnson/Mowry
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Jim Jones received a $500 pay bonus as a result of his job performance last year; however, this extra money was not added to his base pay. This is an example of which of the following? A. annual merit raiseB. group incentive planC. lump-sum merit payD. percentage wage increase
Elizabeth received a stellar performance appraisal in 2008, which translated to a 10 percent pay raise for the next year. Her 2008 base pay was $50,000. Which of the following applies to 2009? A. Her employer would give her a bonus of $5,000.B. Her pay
Which of the following is an advantage of merit increases on a lump-sum basis? A. They
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Mathematics: A Practical Odyssey
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Chapter 3 / Exercise 22
Mathematics: A Practical Odyssey
Johnson/Mowry
Expert Verified
plan. His individual performance has been steady over the past few months but he has noticed a decline in his pay. Which of the following is NOT a likely cause for Naveen’s pay decline? A. Changes in the economy.B. Increased competition from rival pet food
Saturn, the auto firm, has a sales incentive plan that permits salespeople to be paid for performing various duties not reflected immediately in their sales volume. What is this type of pay plan? A. a merit planB. a straight salary planC. lump-sum merit payD. a standard hour plan
Which of the following is a pay plan that only compensates sales employees based on a percentage of sales? A. straight ratio planB. straight salary planC. straight commission
Which of the following often applies to professional employees? A. They cannot advance
How is the base pay for CEOs largely established? A. through job evaluationsB. through

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