Which of the Following Is a Good Example of Contingency

question 20

Multiple Choice

Which of the following is a good example of contingency contracting?

• A) Carlos and his teacher agree that if he completes his workbook exercises successfully for four successive days, he may join the rest of the class in watching a movie on Friday.
• B) A teacher tells her students that if they complete Tom Sawyer by the end of the reading unit they will be allowed to do a special nonacademic project.
• C) Georgia earns enough tokens to purchase an extra hour of recess on Wednesday.
• D) Ben tells his teacher that since he has finished all his math problems, he deserves ten minutes of free time.

Grasp the importance of job enrichment as a managerial innovation.

Comprehend the significance of extracting innovative ideas from the external environment.

Understand open innovation and its requirements for success.

Recognize the role of extrinsic and intrinsic motivation in fostering creativity and innovation.

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Definitions:

Spending Variance

The difference between the actual amount spent in producing a certain number of units and the budgeted or standard amount expected to be spent.

Variable Overhead

The portion of overhead costs that varies directly with production volume, such as raw materials and labor hours.

Spending Variance

The difference between the actual amount spent and the budgeted amount for a cost or expense over a particular period.

Budgeted Overhead

The estimated cost of overhead expenses planned for a specific period, including items such as utilities, rent, and indirect labor.