Richard Purchased a Computer for $600 in 2014

question 53

Multiple Choice

Richard purchased a computer for $600 in 2014. Compared to the $900 computer that he had purchased way back in 2010, the new one seems to be more efficient in terms of the price he has paid and the power of the microprocessor technology. This is best explained by:

• A)product liability.
• B)property rights.
• C)Moore's law.
• D)purchasing power parity.
• E)sustainable strategies.

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Definitions:

Appraisals

The evaluation of an employee's job performance and contributions to an organization.

Merit System

An approach to compensation where employee pay increases are based on performance evaluations, aiming to reward talent and hard work.

Gain-Sharing Plans

A performance-based compensation strategy where employees receive additional financial bonuses based on improvements in the company's productivity or achievements.

Bonus Payout

An additional financial compensation awarded to employees, often based on performance or as a part of a special recognition.