In: Operations Management
a. bonus
b. commissions
c. merit pay
d. piecework
e. standard hour
f. nonmonetary awards
g. praise
____ 11. I’m an auto mechanic at a dealership, and we have a set amount of time to complete each type of repair work. I complete a job before a stated time so that I can go on to the next car and get paid extra for being faster than the average guy.
____ 12. I just sold that top-of-the-line BMW M3. I can’t wait to get my pay this week.
____ 13. I’m the top producer in the entire department, so I will get an extra raise for high performance this year.
____ 14. The boss had me come to the front of the room at the annual meeting to get a plaque for 5 years of service to the company. She listed some of my major accomplishments.
____ 15. The boss just thanked me for getting a shipment that was behind schedule out on time
a. base pay
b. wage and salary add-ons
c. incentive pay
d. benefits
____ 1. I’d like to work for a firm that will help pay for me to get my master’s of business administration (MBA) degree.
____ 2. I get paid only $11 an hour, so I’m looking for a better job.
____ 3. I like getting paid the same each week. It helps me to budget my expenses.
____ 4. I like being paid for every sale I make, but my pay does vary from week to week.
____ 5. I like working nights because it pays more.
11. I’m an auto mechanic at a dealership, and we have a set amount of time to complete each type of repair work. I complete a job before a stated time so that I can go on to the next car and get paid extra for being faster than the average guy. - d. piecework
work paid for according to the amount produced.
12. I just sold that top-of-the-line BMW M3. I can’t wait to get my pay this week. - b. Commisions
Commision is a pecentage of the sales volumes
13. I’m the top producer in the entire department, so I will get an extra raise for high performance this year. - a. Bonus
Bonus is a sum of money added to an employee's wages as a reward for good performance
14. I’m the top producer in the entire department, so I will get an extra raise for high performance this year. - f. Nonmonetary awards
Nonmonetary award is an award given in non-cash for, like public recognition.
15. The boss just thanked me for getting a shipment that was behind schedule out on time - g. Praise
Praise is appreciating / expressing admiration an employee for good work.
1. I’d like to work for a firm that will help pay for me to get my master’s of business administration (MBA) degree. - d. benefits
Benefits is expressijng gratitude to employees by non-cash benefits like free transport, higher education paid, free food at work.
2. I get paid only $11 an hour, so I’m looking for a better job. - a. base pay
Base pay is the salary offered to an employee not including benefits or bonuses.
3. I like getting paid the same each week. It helps me to budget my expenses. - a. base pay
Base pay is the salary offered to an employee not including benefits or bonuses. This is usually a predictable amount every month / payroll reperiod.
4. I like being paid for every sale I make, but my pay does vary from week to week. - b. wage and salary add-ons
Wage and salary add-ons is compensate given to employees for work beyond their normal work schedules and includes items like reimbursement.
5. I like working nights because it pays more. - c. incentive pay
An amount given to employees to enhance motivation.