Podcast
Questions and Answers
What is the payment system where workers receive an amount of money for each unit produced?
What is the payment system where workers receive an amount of money for each unit produced?
Which payment system is designed for non-manual workers where pay increases are given if performance targets are met?
Which payment system is designed for non-manual workers where pay increases are given if performance targets are met?
What is a 'perk' over and above the normal wage or salary?
What is a 'perk' over and above the normal wage or salary?
What is the term for getting a higher paid job at a higher level within the same organization?
What is the term for getting a higher paid job at a higher level within the same organization?
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What is the payment based on the value of sales, usually a percentage of sales made?
What is the payment based on the value of sales, usually a percentage of sales made?
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What is the payment system where workers receive an amount of money for each unit produced?
What is the payment system where workers receive an amount of money for each unit produced?
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Which payment system is designed for non-manual workers where pay increases are given if performance targets are met?
Which payment system is designed for non-manual workers where pay increases are given if performance targets are met?
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What is a 'perk' over and above the normal wage or salary?
What is a 'perk' over and above the normal wage or salary?
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What is the term for getting a higher paid job at a higher level within the same organization?
What is the term for getting a higher paid job at a higher level within the same organization?
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What is the payment based on the value of sales, usually a percentage of sales made?
What is the payment based on the value of sales, usually a percentage of sales made?
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What is the role of directors in a business?
What is the role of directors in a business?
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What is the span of control in a business?
What is the span of control in a business?
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What is the role of supervisors in a business?
What is the role of supervisors in a business?
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What is the characteristic of a flat organizational structure?
What is the characteristic of a flat organizational structure?
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What is the responsibility of professional staff in a business?
What is the responsibility of professional staff in a business?
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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
Staff Roles
- Professional staff: responsible for providing expert advice and guidance in a specific area
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Description
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.
