The Piece-Rate System and the Standard Hourly Rate,as the Two

question 38

True/False

The piece-rate system and the standard hourly rate,as the two types of individual incentive systems,are based on rated output.

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Definitions:

Stackelberg Leader

A firm that has a dominant position in a market or industry, dictating terms and strategies that other firms, or followers, adapt to.

Lump Sum Tax

A tax that is a fixed amount, no matter the change in circumstance of the taxed entity, not affected by the taxpayer's income or activity level.

Outputs

Refers to the goods or services produced by a company or economy, indicative of productivity or production levels.

Discount Sources

Various origins from which price reductions can be obtained, such as coupons, sales promotions, or bulk buying.