Objectives Should Be

question 8

Multiple Choice

Objectives should be

• A) specific, measurable, achievable, relevant, time-framed
• B) specific, measurable, accurate, recent, time-framed
• C) short, measurable, accurate, realistic, time-framed
• D) short, measurable, achievable, realistic, time-framed

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Definitions:

Marginal Revenue

Change in revenue resulting from a one-unit increase in output.

Employee Effort Level

The degree to which an employee is motivated to exert effort in their work tasks and responsibilities.

Wage Rate

Rephrased: Wage Rate is the compensation paid by employers to employees for their labor, often determined per hour worked or by piece-rate.

Incentive Scheme

An incentive scheme is a plan or system designed to motivate and encourage employees to perform better by offering rewards or benefits.