MGT 6655 QUIZ 6 | QUESTIONS AND ANSWERS | 2026 UPDATE | 100%
CORRECT - GT.
Base Salary - (answer)A fixed amount of pay that can increase based on an employee's skills, knowledge,
or competencies rather than just tenure.
Merit Pay - (answer)Permanent increases to base salary awarded based on individual performance,
typically during annual reviews.
Lump-Sum - (answer)A one-time payment tied to performance that does not increase base salary.
Commission - (answer)Pay based on a percentage of sales or revenue generated by an employee.
Piece-Rate Pay - (answer)Employees are paid a fixed amount per unit produced or task completed.
Individual Bonus - (answer)A variable payment awarded for achieving specific individual goals or
performance targets.
Team Bonus - (answer)Bonus awarded to a group or team when collective goals are achieved.
Organizational Bonus - (answer)Bonus based on overall company performance such as profitability or
revenue goals.
Spot Bonus - (answer)Immediate, often smaller, rewards given for exceptional performance or behavior.
Project Bonus - (answer)Compensation tied to the successful completion of a specific project or
milestone.
Stock Options - (answer)The right to purchase company stock at a fixed price in the future; value
depends on stock price growth.
, MGT 6655 QUIZ 6 | QUESTIONS AND ANSWERS | 2026 UPDATE | 100%
CORRECT - GT.
Restricted Stock Units - (answer)Shares granted to employees that vest over time or upon meeting
performance conditions.
Profit Sharing - (answer)Employees receive a portion of company profits, typically distributed annually.
Skill Based Pay - (answer)Employees are paid more as they acquire and demonstrate new job-related
skills.
Competency Based Pay - (answer)Compensation tied to broader competencies like leadership or
communication.
Autonomy - (answer)The degree of independence and control employees have over how they complete
their work.
Purpose - (answer)A sense that one's work has meaning and contributes to something larger than
oneself.
Achievement - (answer)The feeling of accomplishment from meeting goals or completing challenging
tasks.
Personal Growth - (answer)Opportunities for self-improvement, learning, and development as an
individual.
Recognition - (answer)Acknowledgment and appreciation for one's contributions or accomplishments.
Meaningful Work - (answer)Work that aligns with personal values and feels important or impactful.
Skill Development - (answer)Opportunities to build new skills or improve existing ones.
CORRECT - GT.
Base Salary - (answer)A fixed amount of pay that can increase based on an employee's skills, knowledge,
or competencies rather than just tenure.
Merit Pay - (answer)Permanent increases to base salary awarded based on individual performance,
typically during annual reviews.
Lump-Sum - (answer)A one-time payment tied to performance that does not increase base salary.
Commission - (answer)Pay based on a percentage of sales or revenue generated by an employee.
Piece-Rate Pay - (answer)Employees are paid a fixed amount per unit produced or task completed.
Individual Bonus - (answer)A variable payment awarded for achieving specific individual goals or
performance targets.
Team Bonus - (answer)Bonus awarded to a group or team when collective goals are achieved.
Organizational Bonus - (answer)Bonus based on overall company performance such as profitability or
revenue goals.
Spot Bonus - (answer)Immediate, often smaller, rewards given for exceptional performance or behavior.
Project Bonus - (answer)Compensation tied to the successful completion of a specific project or
milestone.
Stock Options - (answer)The right to purchase company stock at a fixed price in the future; value
depends on stock price growth.
, MGT 6655 QUIZ 6 | QUESTIONS AND ANSWERS | 2026 UPDATE | 100%
CORRECT - GT.
Restricted Stock Units - (answer)Shares granted to employees that vest over time or upon meeting
performance conditions.
Profit Sharing - (answer)Employees receive a portion of company profits, typically distributed annually.
Skill Based Pay - (answer)Employees are paid more as they acquire and demonstrate new job-related
skills.
Competency Based Pay - (answer)Compensation tied to broader competencies like leadership or
communication.
Autonomy - (answer)The degree of independence and control employees have over how they complete
their work.
Purpose - (answer)A sense that one's work has meaning and contributes to something larger than
oneself.
Achievement - (answer)The feeling of accomplishment from meeting goals or completing challenging
tasks.
Personal Growth - (answer)Opportunities for self-improvement, learning, and development as an
individual.
Recognition - (answer)Acknowledgment and appreciation for one's contributions or accomplishments.
Meaningful Work - (answer)Work that aligns with personal values and feels important or impactful.
Skill Development - (answer)Opportunities to build new skills or improve existing ones.
