Which of the Following Is the LEAST Relevant Characteristic of an Effective

question 22

Multiple Choice

Which of the following is the LEAST relevant characteristic of an effective incentive plan?

• A) Incentives are based on industry standards.
• B) Rewards are attractive to targeted employees.
• C) Incentives are linked to effort and performance.
• D) Goals are specific, achievable, and challenging.

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Definitions:

Consumer Surplus

The discrepancy between what consumers are willing to spend on a good or service and their actual expenditures.

Surplus II

An excess of supply over demand in the market, leading to excess goods and potential lower prices.

Consumer Surplus

The separation between the entire amount consumers are keen and financially able to expend on a good or service, and the amount they actually expend.

Surplus I

An excess of supply over demand, leading to a situation where the quantity of a good or service exceeds the quantity demanded at the current price.