GENERAL KNOWLEDGE

Detailed explanation-1: -73) The most common eligibility determinant for bonuses is: A) salary grade B) job title C) officer status D) base salary Answer: A Explanation: A) Rather than job title or officer status, salary grade or band was the most common eligibility determinant, reported by 42% of employers in one survey.

Detailed explanation-2: -Employers may award bonuses based on performance, tenure, company profitability, or other factors. Companies also use bonuses to attract new hires. There are many different types of bonuses, but most fit into two main categories: production bonuses and nonproduction bonuses.

Detailed explanation-3: -Bonus is the compensation given to the employee in addition to the amount of pay specified as the base salary. A bonus is financial compensation that is above and beyond the normal salary of the employee. Bonuses may be awarded to both entry-level employees and to senior-level executives.