[amp_mcq option1=”Reversionary bonus” option2=”Compound bonus” option3=”Terminal bonus” option4=”Persistency bonus” correct=”option2″]
The answer is B. Compound bonus.
A compound bonus is a type of bonus that is paid out as a percentage of the basic benefit and any already attached bonuses. This means that the bonus is calculated based on the total amount of money that the employee has already earned, including any bonuses that they have already received. This type of bonus is often used to reward employees who have been with the company for a long time or who have achieved a high level of performance.
A reversionary bonus is a type of bonus that is paid out to the employee’s beneficiaries if the employee dies before the bonus is paid out. This type of bonus is often used to provide financial security for the employee’s family in the event of their death.
A terminal bonus is a type of bonus that is paid out to the employee when they leave the company. This type of bonus is often used to reward employees for their years of service or to encourage them to stay with the company for a longer period of time.
A persistency bonus is a type of bonus that is paid out to the employee if they continue to work for the company for a certain period of time. This type of bonus is often used to encourage employees to stay with the company and to reward them for their loyalty.