Which of the following terms refers to financial rewards paid to workers whose production exceeds some predetermined standard?
A) indirect financial payments
B) merit payments
C) hardship allowance
D) financial incentives
E) human capital

Question

Quizplus · Accepted Answer

Financial rewards paid to workers whose production exceeds some predetermined standard are called financial incentives. Option A refers to non-monetary rewards such as flexible working hours, training programs, or health insurance. B is partially correct, but merit payments are not necessarily linked to productivity; they may reward employees for their seniority or job performance. Option C refers to the extra pay offered to employees who have to work in unpleasant or hazardous conditions. Option E refers to the skills, knowledge, and abilities a worker possesses that contribute to their productive capacity.

Which of the Following Terms Refers to Financial Rewards Paid