The Productivity Index Is the Ratio of ______

question 13

Multiple Choice

The productivity index is the ratio of ______.

• A)productivity measured in a particular time period to the productivity measured in a base period
• B)productivity measured in a particular firm to the productivity measured for firms in that industry
• C)productivity measured in a particular country to the productivity measured for firms in other countries
• D)productivity measured in one part of the supply chain to the productivity measured in other parts of the supply chain

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Definitions:

Inherent Rewards

The satisfaction and motivation that come from the work itself rather than from external rewards like money or recognition.

Seniority-Based Pay

Guaranteed wages and salary increases based on the amount of time the employee has spent with the organization.

Performance-Based Pay

A financial incentive awarded to employees for meeting certain goals or objectives.

Skill-Based Pay

A system of pay that rewards employees for the acquisition and the development of new skills that lead to enhanced work performance.