Which of the Following Is One Advantage of Variable-Pay Plans

question 61

Multiple Choice

Which of the following is one advantage of variable-pay plans to management?

• A) They turn low producers into high producers.
• B) They turn lower performance into fewer employees.
• C) They turn slow employees into fast employees.
• D) They turn high fixed costs into low fixed costs.
• E) They turn fixed labor costs into variable labor costs.

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Definitions:

Human Relations

An area of management practice focusing on improving worker productivity through better interpersonal interactions and understanding of human behavior in the workplace.

Part-Time Work

Employment that does not provide the full number of hours considered standard or full-time in a given industry, typically involving fewer hours per week.

Taylorism

A management theory emphasizing efficiency, by systematically organizing tasks and breaking them down into small, simple steps.

Primary Labour Market

Involves employment sectors characterized by stable employment, higher wages, and access to benefits and career progression.