According to Sammer, Which of the Following Is NOT a Characteristic

question 117

Multiple Choice

According to Sammer, which of the following is NOT a characteristic of a successful incentive plan?

• A)Identify important organizational metrics that encourage employee behavior.
• B)Involve employees and have incentive programs that seem fair to employees.
• C)Find technically detailed, quantitative, and extremely thorough payout formulas.
• D)Establish a clear link between performance and payout.

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Definitions:

Price Elasticity

An indicator showing the extent to which the demand for a product varies in response to a price change of that product, represented as a percentage variation.

Airplane Tickets

Documents issued by airlines that allow passengers to board an aircraft and travel from one destination to another.

Linear

A straight line used to represent a relationship between two variables, showing a constant rate of change from one variable to another.

Inverse Demand Function

Represents the price of a good as a function of its quantity demanded, showing the maximum price consumers are willing to pay for a given quantity of the good.