Under This Pay System,each Worker Receives the Minimum Hourly Wage

question 15

Multiple Choice

Under this pay system,each worker receives the minimum hourly wage plus an incentive for each unit produced above a set number of units per hour; this system is known as a

• A) process piecework plan.
• B) straight piecework plan.
• C) gainsharing piecework plan.
• D) guaranteed piecework plan.
• E) differential piecework plan.

---

Definitions:

Coca-colonization

The term used to describe the globalization of American culture pushed through popular American products, notably Coca-Cola, and its impact on the cultural diets and practices of other nations.

Neoliberalism

An economic philosophy that argues for the sovereignty of the free market without any government intervention. The sole responsibility of a company is to make a profit for its shareholders. To maximize the social good, the model of the market must be extended to all realms of society.

Market Speculation

The act of trading in an asset, or conducting a financial transaction, that has a significant risk of losing most or all of the initial outlay, in expectation of a substantial gain.

Mass Migrations

Large-scale movements of groups of people from one geographical area to another, often resulting from factors like conflict, natural disasters, or economic opportunities.