Which One of the Following Statements About Piece Rate Compensation

question 1

Multiple Choice

Which one of the following statements about piece rate compensation schemes is false?

• A) They attract more able workers.
• B) They elicit high levels of effort.
• C) They are preferred by discriminatory firms.
• D) They discourage nepotism.
• E) They tie pay to performance.

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Definitions:

Earrings

Jewelry pieces designed to be worn on the earlobes, often as a fashion accessory.

Income

An economic term that refers to the money received, usually on a regular basis, for work or through investments.

Price

The amount of money required to purchase a good or service, determined by supply and demand dynamics in the market.

Demand Function

A mathematical expression describing the relationship between the quantity demanded of a good and factors that influence it, such as price, income, and prices of related goods.