In Utilities Corp

question 52

Multiple Choice

In Utilities Corp., workers are paid an amount of money for each unit made with a predetermined standard. Which of the following types of pay plan is used by Utilities Corp.?

• A)Real­time pay
• B)Compressed pay
• C)Piecework
• D)Batch processing
• E)Commission

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Definitions:

Operational Planning

The process of planning short-term actions and strategies to achieve goals and objectives set by strategic planning.

Budgeting

The process of creating a plan to spend your money, allowing an individual or organization to determine in advance whether they can afford the necessary expenditures.

Strategic Plans

Strategic plans are comprehensive outlines detailing an organization's goals, priorities, and actions designed to achieve long-term objectives.

Annual Operating Plans

Detailed plans that outline the goals, strategies, and activities for an organization for the upcoming fiscal year.