Which Financial Incentive Pay Plan Involves Companies Paying Employees for Offering

question 54

Multiple Choice

Which financial incentive pay plan involves companies paying employees for offering ideas on how to cut costs or improve quality?

• A) A piecework system
• B) A production bonus system
• C) Profit sharing
• D) Payments for suggestions

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Definitions:

GB (Gigabytes)

A unit of digital information storage that equals approximately 1 billion bytes or 1,024 megabytes, commonly used to quantify file sizes or storage capacity.

Data Rot

The gradual degradation of computer data storage or the phenomenon where digital data becomes inaccessible over time due to media decay or technological obsolescence.

Exponentially

Involves growth at an increasingly rapid rate over a period of time.

Master Data Management

A process that provides companies with the ability to store, maintain, exchange, and synchronize a consistent, accurate, and timely “single version of the truth” for the company’s core master data.