By Encouraging Employees to Produce a Greater Quantity of Output

question 76

Multiple Choice

By encouraging employees to produce a greater quantity of output in less time, the ________ plan can be compared to the individual incentive plan known as a ________.

• A) Improshare; standard hour plan
• B) Improshare; commission
• C) Scanlon; merit increase
• D) Scanlon; Improshare plan
• E) Scanlon; spot award

Understand the role of technology in enhancing learning and training.

Understand the impact of technology on productivity, convenience, safety, and security in daily life.

Identify and describe the role of technology in creating intelligent work and learning environments.

Recognize the application and benefits of AI and IoT technologies in various scenarios.

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Definitions:

Industry Concentration

A measure of the extent to which a small number of firms dominate the total production, sales, or market share in an industry.

Elastic

A measure in economics indicating how much the demand or supply of a good changes in response to a change in price.

Marginal Revenue

The extra revenue gained by selling an additional unit of a product or service.