Marianne Is Binding Biology Notes at a University Bookstore

question 130

Multiple Choice

Marianne is binding biology notes at a university bookstore.She is paid based upon the number of note packs she binds in a day.Marianne is compensated on a:

• A) gainsharing system
• B) bonus reward system.
• C) merit pay system.
• D) piece-rate system.

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Definitions:

Inventory Period

Inventory Period is the average time it takes for a company to convert its inventory into sales, indicating the efficiency of inventory management and sales processes.

Manufacturing Process

The sequence of operations or procedures used to create a finished product from raw materials in a systematic and standardized manner.

Supplier Credit

Credit that a supplier extends to a business, allowing it to receive goods or services upfront and pay for them at a later date.

Source Of Cash

An activity or item that brings money into a company, providing liquidity for operations and investments.