Pay for Performance Based on Individual Accomplishment of Goals Tends To

question 69

Multiple Choice

Pay for performance based on individual accomplishment of goals tends to:

• A) increase per-unit costs.
• B) decrease employee productivity.
• C) increase employee output.
• D) have little effect on employee output.
• E) facilitate teamwork.

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Definitions:

Labor

Labor describes the human exertion (whether physical or mental) that is applied to the production of goods and services.

Capital

Assets used for the production of goods and services, such as machinery, buildings, and equipment.

Bumper Crop

An unusually large harvest of a particular crop, often due to favorable growing conditions, exceeding average yields.

Production Possibility Frontier

A curve depicting the maximum output combinations of two goods or services an economy can achieve when using all resources efficiently.