The amount of cash that competitors decide each job is worth is called:Question 6Answera.base payb.an incentivec.piece rated.a fringe benefite.a bonus

The correct answer to the question regarding the amount of cash that competitors decide each job is worth is a. base pay.

Explanation:

Base pay refers to the fundamental salary or wage that an employee earns before any additional bonuses or incentives are applied. It typically reflects the job's market value and is determined based on industry standards, job responsibilities, and the level of experience required.

In contrast, the other options pertain to additional forms of compensation:

• b. an incentive: This usually refers to performance-related pay intended to motivate employees to achieve certain goals.
• c. piece rated: This compensation structure pays workers a fixed rate for each unit produced or task completed.
• d. a fringe benefit: These are additional perks provided to employees, such as health insurance, retirement plans, or paid time off, which complement base pay but are not direct cash compensation.
• e. a bonus: This is a one-time payment made to employees, often based on performance, and is not part of the base pay.

Understanding the distinction between these terms is essential in evaluating job offers and overall compensation packages.