Which statement about performance pay is correct?

Group of answer choices

Performance pay works best when the workers are risk averse.

Performance pay works best when the performance measure is risky $($i$.$e$.,$ it is determined to a significant extent by random factors$).$

Employers generally pay less when using performance pay, to account for the risk premium associated with that type of pay.

When your workers possess unique and valuable information that you lack as a manager, it is often good to delegate decision$-$making authority to them, while paying them for performance.

All of the above are correct.