Establishing Strategic Pay Plans Quiz
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Questions and Answers

Who tends to receive salaried pay?

  • Clerical workers
  • Sales representatives
  • Blue collar workers
  • Managers and web designers (correct)

    • What are the two main components of employee compensation?

  • Direct financial payments and indirect financial payments (correct)
  • Performance-based pay and time-based pay
  • Base salary and bonuses
  • Hourly wages and sales commissions

    • What is an example of an indirect financial payment?

  • Hourly wages
  • Performance-based pay
  • Employer-paid insurance (correct)
  • Sales commissions

    • What predominates for blue collar and clerical workers in terms of payment?

    <p>Time-based pay</p> Signup and view all the answers

    What ties compensation to the amount of production?

    <p>Piecework</p> Signup and view all the answers

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