In compensation,a ______ is a lump sum payment,typically given to an individual at the end of a time period.
A) bonus
B) merit
C) perquisites
D) variable pay

Question

Quizplus · Accepted Answer

A bonus is a lump sum payment given to an individual, typically at the end of a time period such as a year-end bonus or a performance bonus. Merit refers to an increase in base pay based on individual performance, perquisites are non-cash compensation such as company car or club membership, and variable pay can include bonuses but also includes other forms of pay tied to performance or company results.

In Compensation,a ______ Is a Lump Sum Payment,typically Given to an Individual