stud
bud
Sign up
Log in
Home
Library
Explore
SAT
More
Financial Motivation Flashcards | StudBud
Explore
/
Financial Motivation
Financial Motivation
10 terms
·
StudBud Administration
·
304 plays
Financial Motivation Key Terms - OCR GCSE Business
Flashcards
10 cards
F
Practice quiz
P
Host live
L
Questions
10
Answers
1
Motivation can stop workers from leaving the business. This is called...
Retention
Bonus
Productivity
Redundancy
2
These are normally paid per hour and employees receive them at the end of a week.
Piece Rate
Bonus
Wages
Salaries
3
This is a measure of the % of workers that leave a business each year.
Profit Sharing
Staff turnover
Productivity
Retention
4
More motivated workers can lead to...
Reduced wastage
Higher absenteeism
Lower staff retention
Fewer customers
5
Motivated workers are more likely to...
Make mistakes
meet customer needs to a high standard
Leave the business
Perform badly
6
A one-off payment for good individual or company performance.
Piece Rate
Wages
Salaries
Bonus
7
Each employee receives a share of the overall annual profits
Bonus
Commission
Profit Sharing
Performance Related Pay
8
Examples of these include company car, staff discount, pensions
Performance Related Pay
Profit Sharing
Bonus
Fringe benefits
9
Salaries are normally ....
Based on the time worked per week
Paid weekly
Paid monthly
Paid to production line workers
10
These are based on a year's work and are paid monthly
Salaries
Wages
Bonus
Piece Rate
