Asked by Ashton Krause on Jul 23, 2024
Verified
What is the difference between bonuses and team awards?
A) Bonuses are for bigger work groups, whereas team awards are for small teams.
B) Unlike bonuses, team awards encourage cooperation.
C) Bonuses are usually given to employees who meet deadlines, whereas team awards are given only when the team as a whole meets the targets.
D) Unlike team awards, bonuses encourage competition among individuals.
E) Bonuses reward attainment of a specific goal, whereas team awards reward performance measured more broadly.
Team Awards
Recognition given to a group of people for their collective performance or achievements in a particular project or area of work.
Bonuses
Additional financial compensation given to employees as a reward for good performance, over and above their regular salary.
Cooperation
The act of working together towards a common goal, often emphasizing teamwork and mutual assistance.
- Distinguish between individual and team-based incentive systems.
Verified Answer
DM
Daniel MyersJul 26, 2024
Final Answer :
E
Explanation :
Bonuses are given for achieving specific targets or goals, while team awards are given for overall team performance. Bonuses are individual rewards that may create competition, while team awards encourage cooperation and collaboration. Therefore, option E is correct.
Learning Objectives
- Distinguish between individual and team-based incentive systems.
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