A compensation system in which agencies carefully monitor their time and bill clients a fee based on time commitment is known as a(n)_____.
A) commission-based system
B) input-based system
C) labor-based fee system
D) outcome-based program
E) performance-based system

Question

A compensation system in which agencies carefully monitor their time and bill clients a fee based on time commitment is known as a(n)_____.
A) commission-based system 
B) input-based system 
C) labor-based fee system 
D) outcome-based program 
E) performance-based system

Quizplus · Accepted Answer

A labor-based fee system is a compensation system in which agencies carefully monitor their time and bill clients a fee based on time commitment. This system ensures that agencies are compensated for the time and effort they put into the project. Commission-based, input-based, outcome-based, and performance-based systems are all different types of compensation systems, but they do not involve billing clients based on time.

A Compensation System in Which Agencies Carefully Monitor Their Time