If Worker Output Is Not Measurable in Physical Units, and Employees

question 350

Multiple Choice

If worker output is not measurable in physical units, and employees are hard to monitor, it would be best to organize the firm using

• A) a command system.
• B) a monitoring system.
• C) an incentive system.
• D) None of the above answers is correct.

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Definitions:

Charitable Trust

A trust established for charitable purposes, benefiting the public or a segment of it, and possessing special tax considerations.

Testamentary Trust

A trust that is created according to the instructions left in a deceased person's will and goes into effect upon their death.

Died Intestate

The situation where a person passes away without having made a legal will.

Personal Representative

A personal representative is an individual appointed to administer the estate of a deceased person, managing and distributing the estate's assets according to the will or, if there is no will, in accordance with state laws.