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WorksheetsIncentives Overview
Total questions: 10
Worksheet time: 7mins
What are performance bonuses?
Fixed salary payments
Paid time off
Penalties for poor performance
Additional payments or rewards based on performance.
What are perquisites in the context of incentives?
Additional benefits or advantages
bonus
facilities
Penalties or fines
Explain the concept of stock options as an incentive.
Stock options are a form of compensation that gives employees the right to buy company stock at a specified price within a certain timeframe, serving as an incentive for employees to work towards the company's success.
Stock options are a form of debt that employees owe to the company.
Stock options are a guaranteed source of income for employees.
Stock options are only available to top-level executives in a company.
Why are retirement benefits considered an important incentive?
Retirement benefits lead to increased financial burden on society.
Retirement benefits are only for the wealthy and privileged.
Retirement benefits encourage laziness and lack of productivity.
Retirement benefits provide financial security and stability for individuals after they have completed their working years.
How are performance bonuses different from productivity linked wage incentives?
Performance bonuses are one-time rewards based on specific goals, while productivity-linked wage incentives are ongoing rewards tied to productivity levels.
Performance bonuses are based on team achievements, while productivity-linked wage incentives are individual-based rewards.
Performance bonuses are ongoing rewards tied to productivity levels, while productivity-linked wage incentives are one-time rewards based on specific goals.
Performance bonuses are solely monetary rewards, while productivity-linked wage incentives can include non-monetary benefits.
What are financial incentives?
Non monetarymonetary benefits offered to individuals or businesses to encourage specific behavior or actions
reward given to individual or businesses for achieving financial goal
Monetary benefits offered to individual to encourage specific behavior or actions
Penalties imposed on individual or businesses for not meeting financial goals
What is the difference between financial and non financial incentives?
Financial incentives are monetary reward, non financial incentives are benefits other than money
Financial incentives are tangible, while non financial incentives are intangible
Financial incentives are short term reward, while non financial incentives are long term reward
Financial incentives are reward other than money, while non financial incentives are reward in terms of money
Explain the concept of profit sharing as financial incentive?
Profit sharing is a formof employees salary increase
Profit sharing is a type of employee bonus
Profit sharing is a tax deduction for a company
Profit sharing involves sharing a portionof the company's profits with employees as a financial incentive
Which one of the following is a non-financial incentive?
Recognition
Perquisite
Retirement benefit
Stock option
Which one is the example for perquisites?
car
Employee recognition
Status
transfer
