Test your knowledge of different payment systems with this quiz on time rates, piece rates, and performance-related pay. See how well you understand gross pay, net pay, and the various ways employees are compensated based on their work output and performance.

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Questions and Answers

What is the payment system where workers receive an amount of money for each unit produced?

Piece rates

Which payment system is designed for non-manual workers where pay increases are given if performance targets are met?

Performance-related pay (PRP)

What is a 'perk' over and above the normal wage or salary?

Free private health insurance

What is the term for getting a higher paid job at a higher level within the same organization?

Promotion Signup and view all the answers

What is the payment based on the value of sales, usually a percentage of sales made?

Commission Signup and view all the answers

What is the payment system where workers receive an amount of money for each unit produced?

Piece rates Signup and view all the answers

Which payment system is designed for non-manual workers where pay increases are given if performance targets are met?

Performance-related pay (PRP) Signup and view all the answers

What is a 'perk' over and above the normal wage or salary?

Free private health insurance Signup and view all the answers

What is the term for getting a higher paid job at a higher level within the same organization?

Promotion Signup and view all the answers

What is the payment based on the value of sales, usually a percentage of sales made?

Commission Signup and view all the answers

What is the role of directors in a business?

Run the business Signup and view all the answers

What is the span of control in a business?

Number of people a person is directly responsible for in a business Signup and view all the answers

What is the role of supervisors in a business?

Monitor the work in their particular area Signup and view all the answers

What is the characteristic of a flat organizational structure?

Few levels of management with a wide span of control Signup and view all the answers

What is the responsibility of professional staff in a business?

Are skilled and highly trained like lawyers and doctors Signup and view all the answers

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Study Notes

Payment Systems

Piecework: workers receive an amount of money for each unit produced
Performance-related pay: pay increases are given if performance targets are met, designed for non-manual workers
Commission: payment based on the value of sales, usually a percentage of sales made

Career Development

Promotion: getting a higher paid job at a higher level within the same organization

Fringe Benefits

Perk: a benefit over and above the normal wage or salary

Organizational Structure

Directors: responsible for making strategic decisions
Span of control: the number of subordinates directly reporting to a supervisor or manager
Supervisors: responsible for overseeing and guiding employees
Flat organizational structure: characterized by a small number of layers, with each manager having a wide span of control