To Have Better Safety Records,XYZ Company Gives Monetary Incentive Awards

question 32

Multiple Choice

To have better safety records,XYZ Company gives monetary incentive awards to its workers for lower accident rates due to improper use of heavy equipment.

• A) management incentive plans
• B) referral plans
• C) piecework plans
• D) behavioral encouragement plans

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Definitions:

Cost of Goods Sold

The direct costs attributable to the production of the goods sold by a company, including material and labor expenses.

Profit Margin Ratio

A financial metric that measures the percentage of profit a company earns from its total revenue.

Net Income

The residual income of a business post all deductions, including taxes and expenses, from its gross income.

Net Sales

The total revenue generated from sales activities after deducting returns, allowances, and discounts.