Ontario-Based DV Systems Manufactures a Range of Air Technology Solutions

question 119

Multiple Choice

Ontario-based DV Systems manufactures a range of air technology solutions. It rewards employees for the number of basic skills they can perform rather than for the jobs to which they are assigned. This increases their flexibility and ability to schedule staff. Before it initiated this system,pay increases were based on longevity. Which of the following does DV Systems use?

• A)hourly wages  
• B)gainsharing  
• C)retained earnings  
• D)skill-based pay

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Definitions:

Standard Rate (SR)

The predetermined rate used in budgeting and cost accounting to assign costs to products or services, typically per hour or unit.

Actual Rate (AR)

Refers to the actual cost rate incurred during a specific period, often used in calculating variances from estimated costs.

Task Analysis

The process of breaking down a task into detailed steps to identify the necessary skills, knowledge, and behaviors for its completion.

Historical Data Analysis

The examination of past data to identify trends, patterns, and outcomes that can inform future decisions and strategies.