An Incentive Pay Plan for Factory Assembly Line Workers Would

question 30

Multiple Choice

An incentive pay plan for factory assembly line workers would be most likely to use which of the following methods?

• A)Stock options
• B)Perquisites
• C)Piecework
• D)Golden parachutes

---

Definitions:

Inelastic Demand

A situation where the demand for a product does not significantly change with a change in its price.

Elastic Supply

A situation where the quantity supplied of a good changes significantly as the price changes.

Tax Burden

The total amount of tax that individuals, businesses, or other entities must pay to authorities, often expressed as a percentage of income or revenue.

Inelastic Demand

A situation where the demand for a good or service is not significantly changed by changes in price.