Match the Following: -Team Bonus Plans

question 66

Multiple Choice

Match the following:
-team bonus plans

• A)reward based on plant performance
• B)enhanced performance, reduced costs
• C)first step in planning change to teams
• D)temporary cross-functional teams
• E)phase 1 of self-managing work team implementation
• F)create new product or service designs
• G)increase compensation for new skills
• H)frustration and confusion
• I)organization ready to accommodate teams?
• J)mature, fully developed team
• K)benefit of team in organization
• L)starts at the top in every successful team implementation
• M)the last stage of planning implementation
• N)managers' frustration with new roles
• O)explores readiness for team environment
• P)teams that do the daily work
• Q)first teams created in the U.S.
• R)group with a common goal
• S)end result of months or years of planning
• T)reward based on team performance

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Definitions:

Perfectly Elastic

A situation in demand or supply where quantity changes infinitely in response to any change in price.

Economic Profits

The difference between total revenue and total costs, including both explicit and implicit costs.

Accounting Profits

The total revenue of a business minus the explicit costs and depreciation expenses; it's a measure of a company's financial performance according to standard accounting principles.

Most Efficient Output

Refers to the highest amount of goods or services that can be produced with a given set of resources and technology without wasting any resources.