_______________ and _______________ Are the Keys to Successful Piece-Rate Plans

question 36

Multiple Choice

_______________ and _______________ are the keys to successful piece-rate plans.

• A)Bonuses; feedback
• B)Standards; feedback
• C)Standards; bonuses
• D)Feedback; recognition
• E)Recognition; motivation

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Definitions:

Demand

In economics, demand is the quantity of a good or service that consumers are willing and able to purchase at various prices during a certain period of time.

Great Recession

A severe global economic downturn that began in 2007 and lasted until about 2009, marked by significant declines in the housing market, financial failures, and a surge in unemployment rates.

Fiscal Policy

A government's strategy for managing its budget through taxation and spending to influence the economy.

Tax Cuts

Reductions in the amount of taxes imposed by the government.