Which of the Following Statements Best Explains Why the Productivity

question 69

Multiple Choice

Which of the following statements best explains why the productivity function might shift up?

• A)The capital stock has increased by a greater percentage than the labor force.
• B)There has been an increase in productivity.
• C)There has been an increase in the capital stock.
• D)There has been a decline in the labor force.
• E)There has been a technological improvement.

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Definitions:

Profit-Sharing

A compensation program where employees or stakeholders receive a share of the company’s profits, often based on predefined criteria or performance metrics.

Gain-Sharing

A compensation strategy designed to share the financial benefits with employees when the company achieves specific performance improvements.

Pay-for-Performance

A compensation strategy where employees' pay is directly tied to their performance, productivity, or achievement of specific targets.

Job Feedback

Information provided by employers or supervisors regarding an employee's work performance, intended to reinforce strengths or identify and correct weaknesses.