Financial Motivation Key Terms - IGCSE Business

Question 1

Paid to employees who meet certain individual targets

Accepted Answer

Performance Related Pay

Question 2

These are normally paid per hour and employees receive them at the end of a week.

Accepted Answer

Wages

Question 3

Average UK salary for Architects

Accepted Answer

£43, 029

Question 4

Paying workers for each item which they produce

Accepted Answer

Piece Rate

Question 5

These are based on a year's work and are paid monthly

Accepted Answer

Salaries

Question 6

Allowing managers to become part-owners by giving them a small fraction of the business.

Accepted Answer

Share Ownership

Question 7

A percentage of the sale price of a good or service which the sales person keeps.

Accepted Answer

Commission

Question 8

Salaries are normally ....

Accepted Answer

Paid monthly

Question 9

Piece rate will .....

Accepted Answer

Often increase speed and therefore productivity

Question 10

Each employee receives a share of the overall annual profits

Accepted Answer

Profit Sharing

Question 11

UK average salary for train and tram drivers is ....

Accepted Answer

£47,101

Question 12

A one-off payment for good individual or company performance.

Accepted Answer

Bonus

Questions 12