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WorksheetsFinancial motivation & Fringe benefits
Total questions: 10
Worksheet time: 5mins
Wages
A payment relating to the number of sales made.
Payment for work, usually paid weekly.
Payment for work, usually paid monthly.
An additional amount of payment above basic pay as a reward for good work.
Salary
A payment relating to the number of sales made.
Payment for work, usually paid weekly.
Payment for work, usually paid monthly.
An additional amount of payment above basic pay as a reward for good work.
Commission
A payment relating to the number of sales made.
Payment for work, usually paid weekly.
Payment for work, usually paid monthly.
An additional amount of payment above basic pay as a reward for good work.
Bonus
A payment relating to the number of sales made.
Payment for work, usually paid weekly.
Payment for work, usually paid monthly.
An additional amount of payment above basic pay as a reward for good work.
Profit sharing
A payment relating to the number of sales made.
A system whereby a proportion of the company's profit is paid out to employees.
Payment for work, usually paid monthly.
An additional amount of payment above basic pay as a reward for good work.
Advantages of wages include the following, EXCEPT...
The worker gets paid on a regular basis and does not have to wait long for money.
If an employee works longer, they will usually get paid more.
A clocking-in system is needed to track the number of hours worked.
Workers are motivated to work faster.
There are two ways wages are paid...
Time rate and piece rate
Time rate and hourly rate
Piece rate and salary
Piece rate and bonuses
All of the following are limitations of a commission, EXCEPT...
It encourages employees to push for sales
It is very stressful to the employee
It results in competition among staff
Customers may end up buying goods they don't really want
Fringe benefits include the following, EXCEPT...
free accommodation
company vehicle
free trips abroad/holidays
profit sharing
A bonus... (tick all the right answers)
helps workers feel 'recognised' and 'special'
has a positive motivating effect
is similar to a salary
May become 'expected' and workers will be disappointed if they do not receive it
