1. Hannah applied as a bank teller, and part of her compensation plan is Teller's Allowance amounting to Php9,000.00 per year. In which of the following components does Teller's Allowance belong? c. Incentive Pays a. Base Pay b. Wage/Add-ons 2. Sunshine Stop and Spa offers a salary lower than the average market rate because there is an d. Benefits oversupply massage therapist applicant in the business' location. Which of the following bases of compensation is being described by the scenario? a. Performance c. Skill-based b. Longevity 3. George works as an accountant in a rice mill company. He normally works over time due to a heavy workload. In which of the following components does overtime pay belong? d. Below Market c. Incentive Pays d. Benefits a. Base Pay b. Wage/Add-ons 4. San Miguel Corporation attracts the top talents in the Philippines because of their good reputation, salary offer, and benefits. Which of the following bases of compensation is being described by the scenario? a. Performance c. Skill-based b. Longevity 5. Employees of Guzman Manufacturing receive accident insurance because of the nature of their job. In d. Above Market which of the following components does accident insurance belong? c. Incentive Pays d. Benefits a. Base Pay b. Wage/Add-ons

Understanding Business
12th Edition
ISBN:9781259929434
Author:William Nickels
Publisher:William Nickels
Chapter1: Taking Risks And Making Profits Within The Dynamic Business Environment
Section: Chapter Questions
Problem 1CE
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1. Hannah applied as a bank teller, and part of her compensation plan is Teller's Allowance amounting to
Php9,000.00 per year. In which of the following components does Teller's Allowance belong?
c. Incentive Pays
a. Base Pay
b. Wage/Add-ons
2. Sunshine Stop and Spa offers a salary lower than the average market rate because there is an
d. Benefits
oversupply massage therapist applicant in the business' location. Which of the following bases of
compensation is being described by the scenario?
a. Performance
c. Skill-based
b. Longevity
3. George works as an accountant in a rice mill company. He normally works over time due to a heavy
workload. In which of the following components does overtime pay belong?
d. Below Market
c. Incentive Pays
a. Base Pay
b. Wage/Add-ons
4. San Miguel Corporation attracts the top talents in the Philippines because of their good reputation,
salary offer, and benefits. Which of the following bases of compensation is being described by the
d. Benefits
scenario?
a. Performance
c. Skill-based
b. Longevity
d. Above Market
5. Employees of Guzman Manufacturing receive accident insurance because of the nature of their job. In
which of the following components does accident insurance belong?
a. Base Pay
b. Wage/Add-ons
c. Incentive Pays
d. Benefits
Transcribed Image Text:1. Hannah applied as a bank teller, and part of her compensation plan is Teller's Allowance amounting to Php9,000.00 per year. In which of the following components does Teller's Allowance belong? c. Incentive Pays a. Base Pay b. Wage/Add-ons 2. Sunshine Stop and Spa offers a salary lower than the average market rate because there is an d. Benefits oversupply massage therapist applicant in the business' location. Which of the following bases of compensation is being described by the scenario? a. Performance c. Skill-based b. Longevity 3. George works as an accountant in a rice mill company. He normally works over time due to a heavy workload. In which of the following components does overtime pay belong? d. Below Market c. Incentive Pays a. Base Pay b. Wage/Add-ons 4. San Miguel Corporation attracts the top talents in the Philippines because of their good reputation, salary offer, and benefits. Which of the following bases of compensation is being described by the d. Benefits scenario? a. Performance c. Skill-based b. Longevity d. Above Market 5. Employees of Guzman Manufacturing receive accident insurance because of the nature of their job. In which of the following components does accident insurance belong? a. Base Pay b. Wage/Add-ons c. Incentive Pays d. Benefits
6. Roy, an IT Specialist, receives extra pay due to his negotiating skills with VIP clients of ARUGA Hotels.
Which of the following bases of compensation is being described by the scenario?
a. Performance
c. Skill-based
b. Longevity
d. Below Market
7. Raymond, a real-estate agent, hits his quota for November, which means he will receive a commission
from his sales in December. In which of the following components does commission belong?
c. Incentive Pays
d. Benefits
a. Base Pay
b. Wage/Add-ons
8. EX Steel, Inc. employees for more than 10 years receive a 5,000-peso salary increase. Which of the
following bases of compensation is being described by the scenario?
a. Performance
c. Skill-based
b. Longevity
9. Harry accepted the job offer upon seeing the salary amounting to Php25,000 with no incentives
d. Above Market
included. In which of the following components does the Php25,000 belong?
c. Incentive Pays
a. Base Pay
b. Wage/Add-ons
10. Janna received a pay raise when her supervisor gave her an impressive employee appraisal result.
Which of the following bases of compensation is being described by the scenario?
a. Performance
d. Benefits
c. Skill-based
b. Longevity
d. Above Market
Transcribed Image Text:6. Roy, an IT Specialist, receives extra pay due to his negotiating skills with VIP clients of ARUGA Hotels. Which of the following bases of compensation is being described by the scenario? a. Performance c. Skill-based b. Longevity d. Below Market 7. Raymond, a real-estate agent, hits his quota for November, which means he will receive a commission from his sales in December. In which of the following components does commission belong? c. Incentive Pays d. Benefits a. Base Pay b. Wage/Add-ons 8. EX Steel, Inc. employees for more than 10 years receive a 5,000-peso salary increase. Which of the following bases of compensation is being described by the scenario? a. Performance c. Skill-based b. Longevity 9. Harry accepted the job offer upon seeing the salary amounting to Php25,000 with no incentives d. Above Market included. In which of the following components does the Php25,000 belong? c. Incentive Pays a. Base Pay b. Wage/Add-ons 10. Janna received a pay raise when her supervisor gave her an impressive employee appraisal result. Which of the following bases of compensation is being described by the scenario? a. Performance d. Benefits c. Skill-based b. Longevity d. Above Market
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