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Monetary Compensation: Definition & Concept

Instructions:

Choose an answer and hit 'next'. You will receive your score and answers at the end.

question 1 of 3

Which of the following is not a form of monetary compensation?

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1. Which of the following is not a form of monetary compensation?

2. Which of the following forms of monetary compensation is not based upon a variable unit?

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About This Quiz & Worksheet

There are multiple forms of monetary compensation. This quiz tests you on some of these forms and asks whether something is or is not one of those types.

Quiz & Worksheet Goals

This monetary compensation quiz tests your ability to:

  • Determine what is and is not a form of monetary compensation
  • Know which of given options is not based on a variable unit
  • Understand why tips are a unique form of monetary compensation
  • Recognize the most predictable form

Skills Practiced

  • Reading comprehension - draw from relevant information from the lesson on monetary compensation
  • Critical thinking- use this information to consider if something is or is not a form of monetary compensation, or based on a variable unit
  • Information recall - remember the knowledge you've acquired about the types of monetary compensation

Additional Learning

To learn more, we recommend reading the corresponding lesson on monetary compensation, as it covers the following objectives:

  • Define monetary compensation
  • List possible forms
  • Explain how wage affects overtime wage
  • Examine making money by commission
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