A Producer of Mobile Aerial Work Platforms Rewards Employees for the Number

question 69

Multiple Choice

A producer of mobile aerial work platforms rewards employees for the number of basic skills they can perform rather than for the jobs to which they are assigned. Prior to initiating this system, pay increases were based on a merit system. The merit system is still in effect; however, the new program emphasizes continued acquisition of new skills. The company uses .

• A) hourly wages
• B) gainsharing
• C) piecework
• D) retained earnings
• E) skill-based pay

---

Definitions:

Typical Consolidation

The process of combining multiple financial statements from different entities into one aggregate financial statement.

Net Present Value

A calculation that compares the value of all cash inflows and outflows of a project or investment using a discount rate, to determine its profitability.

Acquisition

The process of obtaining control of another corporation, purchasing a significant amount of its stock, or buying its assets.

Circular Bid

Corporate takeover bid communicated to the shareholders by direct mail.