A Mid-Sized City Introduced a Reward System Whereby Employees Would

question 69

Multiple Choice

A mid-sized city introduced a reward system whereby employees would find ways to reduce costs and increase work efficiency. Every employee would receive a portion of the surplus budget resulting from these cost savings. This city is using:

• A)Team-based synergy.
• B)a commission system.
• C)a share option plan.
• D)a gainsharing plan.
• E)a piece-rate plan.

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Definitions:

Profit Margins

The percentage of revenue that remains as profit after all expenses have been deducted from total sales.

Performance Risk

The potential for a purchased product or service to fail to meet expected performance levels, causing the buyer dissatisfaction.

Gas Mileage

A measurement of how many miles a vehicle can travel on a gallon of fuel, indicating its fuel efficiency.

Hybrid Car

A vehicle that uses a combination of an internal combustion engine and one or more electric motors for propulsion, aiming to reduce fuel consumption and emissions.