Which of the Following Group Incentive System Was Designed to Provide

question 29

Multiple Choice

Which of the following group incentive system was designed to provide employees with financial incentives for increasing customer satisfaction,increasing productivity,lowering costs,or improving safety?

• A)gain sharing
• B)team based
• C)small group
• D)profit sharing

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Definitions:

Normal Good

A good for which demand increases as the income of consumers increases, and decreases as the income falls.

Demand Curves

Graphs that depict the relationship between the price of a good or service and the quantity demanded for a given period, generally showing an inverse relationship.

Baby Formula

A specially formulated food designed for infants, typically made from cow's milk or soybean protein, enriched with necessary nutrients.

Price Increase

A general rise in the prices of goods and services over a period of time, decreasing purchasing power.