Which Plan Rewards a Worker by a Premium That Equals

question 10

Multiple Choice

Which plan rewards a worker by a premium that equals the percentage by which his or her performance exceeds the standard per hour or per day?

• A) The differential piece-rate plan
• B) The gainsharing plan
• C) The percent incentive plan
• D) The premium plan
• E) The guaranteed piecework plan

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Definitions:

Routine Response Behavior

Refers to consumer purchasing decisions made out of habit without much deliberation or product comparison.

Prepurchase Behavior

The actions and processes consumers go through before making the final decision to purchase a product or service.

Problem Recognition

The first step in the consumer decision-making process, where a consumer identifies a need or problem that needs to be solved.

Alternative Evaluation

The phase in the consumer decision process where individuals assess the benefits and drawbacks of different choices available to them before making a purchasing decision.