Which of the following statements about forms of variable pay are true? Group of answer choices A bonus is simply a one-time payment of a piecework rate.

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Which of the following statements about
forms of variable pay are true?
Group of answer choices
A bonus is simply a one-time payment of
a piecework rate.
Stock options are a category of job-
sharing pay plans.
Profit-sharing plans are also called piece-
rate plans.
Gain-sharing is a motivational plan based
on group productivity.
Profit-sharing plans are based on the
concept that intrinsic rewards are more
motivating than extrinsic rewards.
Transcribed Image Text:Which of the following statements about forms of variable pay are true? Group of answer choices A bonus is simply a one-time payment of a piecework rate. Stock options are a category of job- sharing pay plans. Profit-sharing plans are also called piece- rate plans. Gain-sharing is a motivational plan based on group productivity. Profit-sharing plans are based on the concept that intrinsic rewards are more motivating than extrinsic rewards.
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