Reward Systems for Teams Should Focus on

question 135

Multiple Choice

Reward systems for teams should focus on

• A)effectiveness as a team member.
• B)individual contribution to the team goals.
• C)longevity.
• D)individual contribution.

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Definitions:

Allocative Efficiency

An economic state where resources are allocated in a way that maximizes the net benefit to society, considering both production and desires of consumers.

Simultaneous Consumption

A consumption pattern in which a product or service is consumed by multiple users at the same time without reducing its availability to others.

Economies of Scale

The financial benefits companies experience from expanding their operation's size, where there's a general trend of decreasing unit costs with the growth in scale.