Hourly Wage Rate Salary Piece-rate and Commision Fringe Benefits Bonus Schemes and Profit Sharing
100
Hourly Wage Rate
employees are paid a fixed amount per hour worked
100
Salary
employees are paid a fixed amount per year
100
Piece-rate
pay is based on the number of outlets employees produce
100
Fringe Benefits
an alternative to cash payments; includes discounts
100
Profit Sharing
an additional payment to all staff based on the profits of the business
200
$200
An employee is paid $5 and hour. They work 40 hours. How much will they get paid?
200
managers, supervisors, or professional staff
This method is best for employees whose work or effort is not directly linked to production. An example of one of these positions is....
200
Commission
Pay is based on the values of sales made by staff
200
B & C
An example of fringe benefits are...
a. bonuses b. discounts on products
c. health insurance d. paycheck
200
Bonus Scheme
a method of performance-related pay; employees receive an additional payment for achieving a target set by managers
300
$144
An employee is paid $12 an hour. They work 12 hours. How much will they get paid?
300
True
When paid by the salary method, employees will not receive more pay for working longer hours.
True or False
300
$10
An employee is paid $0.10 for every unit they produce. If an employee produces 100 units, how much will they get paid?
300
True
Fringe benefits are linked to status not performance.

True or False
300
False
With a bonus scheme, if managers set a realistic goal it will not motivate employees.
True or False
400
False
When an employee is paid at an hourly wage rate they are paid by how many units they produce.
True or False
400
$80,000. With the salary method, production doesn’t matter.
An employee produces 2,000 and gets paid $80,000 a year. If paid by the salary method, how much will he receive?
400
True
Commission is only ever used to reward sales staff.
True or False
400
False
Fringe Benefits is getting paid extra for the hours you overwork.
True or false?
400
True
The thinking behind profit sharing is that all employees had contributed to the business and, therefore, share in the success. True or False
500
C. Cashier
Which employee gets paid by an hourly wage rate?
a. manufacturing engineer b. lawyer
c. cashier. d. technician
500
a. teacher
Which employee gets paid by salary?
a. teacher b. stockbroker
c. mail clerk d. car salesman
500
a. Piece-rate b. Commission
Which employee gets paid by commission and which gets paid by piece-rate?
a. truck driver b. artist
500
A. Manager
Which employee is more likely to have fringe benefits such as a company car?
a. manager b. full-time employee
500
B
Which employee is most likely to be in a bonus scheme?
a. supervisor b. employee on a production line






Financial Methods of Motivation

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