Which of the Following Ties a Worker's Earnings to the Number

question 18

Multiple Choice

Which of the following ties a worker's earnings to the number of units produced?

• A) Merit pay plan
• B) Gain-sharing programme
• C) Profit-sharing programme
• D) Employee share option plan
• E) Piecework programme

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Definitions:

Income Pyramid

A graphical representation of the distribution of income across different segments of society, often showing a wide base of low-income individuals and a narrow top of high-income earners.

Base Of The Pyramid

A concept that targets the largest but poorest socio-economic groups in a given population, focusing on providing affordable products and services.

Unmet Needs Trap

A situation where organizations focus on immediate customer needs without anticipating future demands, potentially hindering long-term innovation.

Base-Of-The Pyramid Markets

The largest, but poorest socio-economic groups in the world, considered as potential consumers, people living on less than $2.50 a day.