An Incentive System Is a

question 183

Multiple Choice

An incentive system is a

• A) method of organizing production that uses a market-like mechanism inside the firm.
• B) method of organizing production that uses a managerial hierarchy.
• C) set of rules that induce an agent to act in the best interest of a principal.
• D) method of production that implements an assembly-line process.

---

Definitions:

Asexually

Reproducing without the involvement of sex cells, resulting in offspring genetically identical to the parent.

Gemmae

Small asexual reproductive structures produced by some plants, such as mosses and liverworts, which can develop into new individuals.

Liverworts

Simple, non-vascular plants belonging to the division Marchantiophyta, found in moist, shady environments and playing roles in ecosystems as pioneer species.

Sago Palms

Tropical plants of the genus Cycas, known for their large compound leaves and the production of sago, a starch extracted from their trunks.