Florida schools offered cash bonuses to students who scored high on the state's standardized exams. The cash bonuses are an example of this economic principle:

a. People usually take advantage of opportunities to make themselves better off. b. There are gains from trade. c. The real cost of something is what you must give up to get it. d. Resources are scarce.

Question

Business

Margaret Faulkner

2 September, 10:20

Florida schools offered cash bonuses to students who scored high on the state's standardized exams. The cash bonuses are an example of this economic principle:

a. People usually take advantage of opportunities to make themselves better off. b. There are gains from trade. c. The real cost of something is what you must give up to get it. d. Resources are scarce.

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Answers (1)

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Ronald Hawkins · Answer 1

The cash bonuses are an example of this economic principle of People usually take advantage of opportunities to make themselves better off.

Explanation:

A cash bonus applies to a large amount of money offered to an individual for good performance either periodically or daily. An employee, division or the whole organisation, depending upon the extent at which performance goals were achieved may earn a cash bonus for higher than expected achievements.

Let's take the example of Company ABC. The company has a 15-person sales team. Each team member has to add 10 accounts each. At the end of every year, the company can give every employee a cash bonus of $1,500 in order to meet their objectives.