Question: Read each description of a different pay-for-performance (PFP) situation. Then, select the PFP plan name that most accurately fits the description given. Josie and Caleb

Read each description of a different pay-for-performance (PFP) situation. Then, select the PFP plan name that most accurately fits the description given. Josie and Caleb work for a publicly-traded pharmaceutical firm. They were recently granted the ability to purchase company stock each pay period at a cost below the market rate. So, for example, when they were paid this past Friday, the company stock closed at $48.98/share and they were able to purchase shares at $45.99/share. 1. Merit pay 2. Merit bonus 3. Spot award 4. Individual incentive plan 5. Gain-sharing plan 6. Profit-sharing plan 7. Team-based incentive 8. Employee stock ownership plan

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