A Major Advantage of a Piecework Pay System Is That

question 392

Multiple Choice

A major advantage of a piecework pay system is that it

• A) creates a powerful incentive to work efficiently.
• B) requires a minimum of paperwork and record keeping.
• C) encourages cooperation and teamwork among employees.
• D) is a system that is strongly supported by both unions and management.

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Definitions:

Borda Count

A voting system in which voters rank candidates in order of preference, and candidates are assigned points based on their position in each vote, to determine the winner.

Candidates

Individuals seeking to be elected or selected for a specific position, role, or honor.

Voters

Individuals who have the legal right and are registered to vote in elections to choose representatives or make decisions on public issues.

Utility Function

An equation that quantifies the satisfaction or utility that a consumer derives from consuming a set of goods and services, enabling analysis of consumer choices.