IB Business Management - 2.4.5 Methods of Motivation Quiz

What is the key characteristic of a salary?

• Paid weekly

• Based on hours worked

• Fixed annual payment

• Paid per unit produced

Which payment method rewards employees based on the number of units they produce?

• Salary

• Time rate

• Commission

• Piece rate

Which of the following is true about wages?

• They are paid annually.

• They are based on time or output.

• They involve profit-sharing.

• They are paid in company shares.

Which financial reward is given as a percentage of sales made by an employee?

• Time rate

• Profit-related pay

• Commission

• Performance-related pay

Profit-related pay is most directly linked to:

• Employee’s individual performance

• Company’s profitability

• Number of hours worked

• Market share

Which of the following rewards is based on achieving specific performance targets?

• Wages

• Commission

• Performance-related pay (PRP)

• Employee share ownership

Employee share ownership schemes give employees:

• A share of the company's profits

• The option to purchase shares in the company

• Fixed monthly bonuses

• Flexible working hours

Which reward type is given in addition to normal wages and salaries to attract skilled workers?

• Time rate

• Fringe payments

• Commission

• Job rotation

A benefit like a company car or health insurance is an example of:

• Salary

• Profit-related pay

• Fringe payment

• Performance-related pay

What type of reward is performance-related pay (PRP) typically associated with?

• A fixed wage

• Employee productivity targets

• Time-based payment

• Piece rates