Financial Rewards Flashcards
1
Q
What is a time rate
A
paid by the hour - good for people who work long hours - incentive to work slower
2
Q
What is a piece rate
A
paid by how much they do
3
Q
What is a salary
A
fixed amount every month - doesn’t reward for improved performance
4
Q
What is commision
A
more money for every item sold
5
Q
What is a bonus
A
a large sum of money added to pay
