Multiple Choice Question_____ are the financial rewards based on the number of hours an employee works.Multiple choice question.SalariesBenefitsWagesCommission
Question
Multiple Choice Question_____ are the financial rewards based on the number of hours an employee works.Multiple choice question.SalariesBenefitsWagesCommission
Solution
Sure, let's break down the question step by step:
-
Identify the key concept: The question is asking about financial rewards based on the number of hours an employee works.
-
Understand the options:
- Salaries: Typically, salaries are fixed annual amounts paid to employees, regardless of the number of hours worked.
- Benefits: These are non-wage compensations provided to employees, such as health insurance, retirement plans, etc.
- Wages: These are payments made to employees based on the number of hours worked.
- Commission: This is a payment based on the amount of sales an employee makes, not directly tied to hours worked.
-
Match the concept with the correct option: The financial reward that is based on the number of hours an employee works is "Wages."
So, the correct answer is:
- Wages
Similar Questions
Multiple Choice QuestionWages are defined as ______.Multiple choice question.a form of compensation whereby a percentage of company profits is distributed to the employees whose work helped to generate themfinancial rewards based on the number of hours the employee works or the level of output achievedmonetary rewards offered by companies for exceptional performance as incentives to further increase productivityan incentive system that pays a fixed amount or a percentage of the employee's sales
Cash awards given to employees who achieve specific performance objectives are called ______.Multiple choice question.salariesprofit sharingstock optionsbonuses
Multiple Choice QuestionPay and benefits make up a worker's _______ plan.Multiple choice question.stock ownershipcommissionsalarycompensation
Multiple Choice QuestionA compensation plan refers to Blank______.Multiple choice question.the number of jobs available at a companyhow much people are paid for their workthe transfer of employees within a companyhow a company reduces environmental waste
Multiple Choice QuestionWhich of the following represents the income earned by households for providing capital to firms?Multiple choice question.InterestMoney supplyWagesInflationDemand for money
Upgrade your grade with Knowee
Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.