A __________ awards pay increases in proportion to performance contributions.
A) stock option plan
B) bonus pay plan
C) merit pay plan
D) profit sharing plan

Question

Quizplus · Accepted Answer

A merit pay plan awards pay increases based on an employee's individual performance contributions. Stock option plans give employees the option to purchase company stock at a set price. Bonus pay plans provide additional compensation based on meeting certain performance targets or goals. Profit sharing plans distribute a portion of company profits to employees as a form of compensation.

A __________ Awards Pay Increases in Proportion to Performance Contributions