Section I: Multiple Choice (1 Viewer)

[middo2112]

ah yeah i took it the other way cause like sally's pay isnt actually being effected like her salary is her salary this is just a monetary reward on top of it where as Johns receiving 5% above his award implys that performance resulted in an increase in pay.

5% above his award may just be so HR can attract better employees and is something they all get. It could be any of a number of reasons. There's no clear indications whatsoever it was to do with performance. Therefore it was Sally getting the extra pay for meeting sales target.

 

[crowley926]

ah yeah i took it the other way cause like sally's pay isnt actually being effected like her salary is her salary this is just a monetary reward on top of it where as Johns receiving 5% above his award implys that performance resulted in an increase in pay.

Yeah it could be penalty rates doesn't necessarily mean his performance is being rewarded

 

[WrittenLoveLetters]

ah yeah i took it the other way cause like sally's pay isnt actually being effected like her salary is her salary this is just a monetary reward on top of it where as Johns receiving 5% above his award implys that performance resulted in an increase in pay.

Could be the business going beyond the minimum conditions and terms of employment?

I picked the bonus one because I remember my notes said "As employee reaches targets and demonstrates improved performance, they are rewarded through increase pay". And I believe a bonus is still a monetary reward.

 

[MasterEnglish]

Hey guys, what did everyone get for q.20

 

[Flop21]

Hey guys, what did everyone get for q.20

what was the question?


Guys what about the question about whether the things had increased or decreased, they gave you a table.

 

[crowley926]

Hey guys, what did everyone get for q.20

I did tv program B

 

[crowley926]

Guys what about the question about whether the things had increased or decreased, they gave you a table.

Is that the one about expenses and gross profit? I did both improved

 

[Flop21]

Is that the one about expenses and gross profit? I did both improved

same, but it was one of my 'unsure' answers.

 

[jordanhumpherson]

The thing is the question stated that it was already a public company. Which means it has already floated meaning they had already recieved equity (shares) from the primary market. Re-issue of chares creates further revenue. However to my own discovery, the company can no longer earn equity from the secondary market. I can assure you tho, it was either A or B

 

[Flop21]

The thing is the question stated that it was already a public company. Which means it has already floated meaning they had already recieved equity (shares) from the primary market. Re-issue of chares creates further revenue. However to my own discovery, the company can no longer earn equity from the secondary market. I can assure you tho, it was either A or B

Oh shit yeah you're right. But I can't remember exact question, to justify my answer.

 

[crowley926]

same, but it was one of my 'unsure' answers.

how come you're unsure?

 

[EarthSci34]

Could be the business going beyond the minimum conditions and terms of employment?

I picked the bonus one because I remember my notes said "As employee reaches targets and demonstrates improved performance, they are rewarded through increase pay". And I believe a bonus is still a monetary reward.

I'm just going to give my two cents worth on this one, but as I know performance pay is when an individual's WAGE/SALARY is matched according to his/her performance in the regards to the business' goals. With Sally, her group is being rewarded for meeting their sales target. It seems to me (because the question is so vague) that the payment is a one-off thing, when performance pay is as a whole IMHO (e.g. If a cars salesman sells 20 units of cars, there's a 20% increase in his wage, so forth...). I'll reiterate, in Sally's case, it seems there's only a cash bonus involved.

On the other hand, Jamie is continuously being rewarded with 5% increase. It didn't say anything about being competitive or whatnot in the question... just for some reason, Jaime is being rewarded continuously with a higher rate of pay. So, a business wouldn't just increase pay for an individual unless certain skills are involved. Furthermore, I guess it's just that it was individual... aka performance pay is linked to individual performance... not group. IDK.

I might've gotten this question wrong but it's okay haha

 

[crowley926]

I'm just going to give my two cents worth on this one, but as I know performance pay is when an individual's WAGE/SALARY is matched according to his/her performance in the regards to the business' goals. With Sally, her group is being rewarded for meeting their sales target. It seems to me (because the question is so vague) that the payment is a one-off thing, when performance pay is as a whole IMHO (e.g. If a cars salesman sells 20 units of cars, there's a 20% increase in his wage, so forth...). I'll reiterate, in Sally's case, it seems there's only a cash bonus involved.

On the other hand, Jamie is continuously being rewarded with 5% increase. It didn't say anything about being competitive or whatnot in the question... just for some reason, Jaime is being rewarded continuously with a higher rate of pay. So, a business wouldn't just increase pay for an individual unless certain skills are involved. Furthermore, I guess it's just that it was individual... aka performance pay is linked to individual performance... not group. IDK.

I might've gotten this question wrong but it's okay haha

My teacher gave us this definition for performance pay: refers to the remuneration that is based on distributing rewards according to individual performance. This is usually systematic and is distributed periodically.

But no I totally see where you're coming from as well