The New Organization of Cloth Production Included All of the Following

question 21

Multiple Choice

The new organization of cloth production included all of the following except

• A)large-scale mechanization.
• B)the bypassing of guild production.
• C)the employment of urban wage earners and rural pieceworkers.
• D)changing power relationships within guilds.
• E)control by wealthy investors who had contacts to distant markets.

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Definitions:

Individual Rewards

Compensation or recognition given to employees based on their individual performance or achievements.

Goal-Sharing Plans

Programs that encourage and reward employees for contributing to and achieving the company's objectives, often through financial incentives.

Standard Plus Plans

Insurance plans that offer basic coverage with the option to purchase additional benefits according to individual needs.

Deferred Profit Sharing

A retirement plan in which employees receive a portion of the company's profits at a later date, usually at retirement.