Two Specific Forms of Individual-Based Pay-For-Performance Programs

question 80

Multiple Choice

Two specific forms of individual-based pay-for-performance programs

• A)stock options and gainsharing.
• B)piece-rate wages and gainsharing.
• C)profit-sharing and gainsharing.
• D)variable-pay programs and piece-rate wages.
• E)piece-rate wages and bonuses.

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Definitions:

Communist Society

A theoretical economic system characterized by the collective ownership of property and by the organization of labor for the common advantage of all members.

Means of Production

The physical, non-human inputs like factories, machines, and tools required for the production of goods.

Karl Marx

A German philosopher, economist, and revolutionary socialist known for his works on capitalism and communism.

Friedrich Engels

A German philosopher, social scientist, and journalist, who, alongside Karl Marx, co-developed the communist theory.