Which of the Following Selections Accurately Reflects Compensation Practices in China

question 16

Multiple Choice

Which of the following selections accurately reflects compensation practices in China?

• A)Use technical training as reward; recognize egalitarian values; and use "more work more pay" with caution
• B)Consider all aspects of labor costs
• C)Note high labor costs for manufacturing
• D)Use recognition and praise as motivator; avoid pay for performance

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Definitions:

Diminishing Marginal Utility

The decrease in satisfaction or usefulness as additional units of a product are consumed.

Staples

Basic or essential food items or goods that are widely used and regularly consumed by households.

Paper Clips

Tiny segments of twisted wire or plastic designed to keep pages of paper attached.

Marginal Utility

The additional satisfaction or utility a consumer receives from consuming one additional unit of a good or service.