What term refers to payments employees receive for meeting goals by a certain time; also payments for insurance?

What term refers to payments employees receive for meeting goals by a certain time; also payments for insurance?

• A. premiums
• B. placement
• C. planned absence
• D. political unrest

Answer: (A)

Premium describes an extra payment beyond base wages, used to reward performance like meeting goals by a deadline. It’s also the standard term for the amount paid to maintain an insurance policy. Because the same word applies to both an incentive payment and insurance costs, premiums is the best fit for this question. The other terms refer to things not associated with compensation or benefits (a placement, planned absence, or political unrest), so they don’t match the concept described.

Premium describes an extra payment beyond base wages, used to reward performance like meeting goals by a deadline. It’s also the standard term for the amount paid to maintain an insurance policy. Because the same word applies to both an incentive payment and insurance costs, premiums is the best fit for this question. The other terms refer to things not associated with compensation or benefits (a placement, planned absence, or political unrest), so they don’t match the concept described.