A Web Design Company, Gen Max, Is Expanding Rapidly and Needs

question 287

Multiple Choice

A web design company, Gen Max, is expanding rapidly and needs to hire middle managers in a climate where first to market is an imperative. Which incentive plan for these employees would best help the firm achieve its first-to-market goal?

• A) Pay for performance
• B) Merit raises
• C) Profit-sharing
• D) Gainsharing
• E) Pay-for-knowledge

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Definitions:

Congruence

The degree to which elements are in agreement or harmony with each other.

Paid Suggestion Systems

Programs within organizations that reward employees financially for submitting practical and useful suggestions for improvement.

Secrecy

The act of keeping information hidden from those who do not have the authority or right to know.

Managerial Responses

The actions or strategies that managers take in response to external or internal stimuli in the business environment.