When a Worker Is Rewarded by a Percent Premium That

question 17

Multiple Choice

When a worker is rewarded by a percent premium that equals the percent by which his or her performance is above standard, this is known as

• A)the differential piece-rate plan.
• B)gainsharing.
• C)the percent incentive plan.
• D)the premium plan.
• E)the bonus hour plan.

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Definitions:

Sampled Population

The subset of individuals or items selected from a larger population for the purpose of conducting a study or analysis.

Target Population

The entire group of individuals or objects to which researchers intend to generalize the results of a study.

Target Population

The total group of individuals or entities to which researchers intend to generalize the results of a study or survey.

Sampled Population

The subset of a larger population from which data is actually obtained for the purpose of statistical analysis.