PAY FOR PERFORMANCE AND FINANCIAL INCENTIVES

Question 1

The standard of ‘output’ for a job is called

Answer 1

fair day’s work

Question 2

The pay is rewarded according to strict proportionality between rewards and production results, known as

Answer 2

straight piecework

Question 3

Showing employees their performance graphs and quantitative data is an example of

Answer 3

performance feedback

Question 4

The straight commission plan pay salespeople for their

Answer 4

results

Question 5

The need of food, water and shelter is classified as

Answer 5

physiological needs

Question 6

The theory, according to which people are motivated in a sequence of hierarchy of needs is called

Answer 6

prepotency process principle

Question 7

The portion of increased salary paid to employee for an individual performance is called

Answer 7

merit pay

Question 8

The reward given to workers whose work exceeds some set standards is called

Answer 8

financial incentives

Question 9

If a worker gets a premium for extra ‘output’ than a ‘set standard’ is called

Answer 9

standard hour plan

Question 10

According to Fredrick Herzberg, the person’s low-level needs are classified as

Answer 10

hygiene’s