Final answer:
Compensation above the base rate for high-quality performance is popular because it increases pay for work and motivates higher performance. However, Revolutionary War soldiers were not well rewarded for their service; their compensation was often inadequate or delayed.
Step-by-step explanation:
Adding compensation above the base rate for high-quality performance is a practice that is popular with both economists and the general public. This type of compensation mechanism effectively increases the payment received for work.
It motivates employees to strive for higher performance by linking rewards directly to their output or achievements. The idea is that high-quality performance should be recognized and rewarded beyond the standard salary, leading to better overall results for the individual and the organization.
This is not a statement of fact but rather a human resources and management concept that can be either true or false depending on the specific context or the policies of a given company.
Revolutionary War Soldiers
Addressing the reference from Section 8.4.6 - p363 about Revolutionary War soldiers being well rewarded for their service, the correct answer is False. Their compensation was often delayed, inadequate, and came in the form of depreciated currency or land grants in the unsettled west, rather than immediate or adequate monetary reward.