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Good Group Bonus Scheme

Forums › ACCA Forums › ACCA FA Financial Accounting Forums › Good Group Bonus Scheme

  • This topic has 1 reply, 2 voices, and was last updated 3 years ago by jetavi.
Viewing 2 posts - 1 through 2 (of 2 total)
  • Author
    Posts
  • January 10, 2020 at 8:45 pm #557699
    shreeya2011
    Member
    • Topics: 9
    • Replies: 11
    • ☆

    Which of the following are features of a good group bonus scheme:
    1. individual effort recognised & rewarded
    2. bonuses reflect length of employment and position
    3. lower admin costs compared to individual bonus scheme
    4. increased co-opeation between workers.

    January 10, 2020 at 9:33 pm #557705
    jetavi
    Member
    • Topics: 10
    • Replies: 309
    • ☆☆☆

    Hi @shreeya2011,

    Well, technically you should tell what the answer is and where is exactly is the confusion in the answer i.e what you don’t understand about the answer. This makes it easier to address the confusion specifically 🙂

    But coming to your question…

    The answer should be 4. Increased cooperation between workers.

    Why? (since I don’t know exactly what the confusion is, I’m gonna go straight to the answer)

    Because the catch in the question is “group” bonus scheme, so it’s not about individuals but the group instead.

    It’s about the team and not the single player.

    If you have any confusion why any of the other options ( 1, 2 & 3) are wrong, feel free to post back. Would surely provide an explanation.

    Hope this helps

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