_____ plans provide one-time or lump-sum payments to employees who meet specific performance targets or make some other extraordinary contribution, such as an idea for a work improvement.
A) Profit-sharing
B) Gain sharing
C) Merit pay
D) Bonus pay
E) Employee stock ownership

Question

Quizplus · Accepted Answer

Bonus pay plans provide one-time or lump-sum payments to employees who meet specific performance targets or make some other extraordinary contribution. Profit-sharing plans involve distributing a portion of the organization's profits among employees, gain sharing plans are based on productivity improvements, merit pay is based on individual performance over time, and employee stock ownership is a form of ownership in which employees own a portion of the company's stock.

_____ Plans Provide One-Time or Lump-Sum Payments to Employees Who