A ________ pay plan pays for individual performance based on performance appraisal ratings.
A) employee stock ownership
B) merit-based
C) profit sharing
D) piece-rate
E) gainsharing

Question

Quizplus · Accepted Answer

Merit-based pay plans pay for individual performance based on performance appraisal ratings. Employee stock ownership plans allocate stock to employees in addition to their wages, profit sharing distributes a portion of company profits among employees, piece-rate pay plans pay based on the number of units produced, and gainsharing rewards employees for meeting specific cost-saving goals.

A ________ Pay Plan Pays for Individual Performance Based on Performance