Notes of Appreciation,awards,and Gift Certificates Given to Reward Employees for Accomplishing

question 118

Multiple Choice

Notes of appreciation,awards,and gift certificates given to reward employees for accomplishing or surpassing established objectives are all examples of:

• A) cashless bonuses
• B) fringe benefits
• C) psychographic payments
• D) supplemental salary
• E) performance bonuses

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Definitions:

Marginal Utility

The supplementary satisfaction or advantage a consumer experiences by using one more unit of a good or service.

Diminishing

Refers to the principle where additional units of input result in progressively smaller increases in output, often applied in the context of diminishing marginal returns in production.

Dozen Oysters

A quantity of oysters amounting to 12 units, often used in the context of serving or purchasing seafood.

Total Utility

The overall satisfaction or benefit a consumer receives from consuming a certain quantity of goods or services.