When Applied to Non-Management Employees, Which of the Following Has

question 80

Multiple Choice

When applied to non-management employees, which of the following has a weak connection between the reward and individual effort?

• A)Piece rate pay
• B)Commission
• C)Profit-sharing bonus
• D)Gainsharing plan
• E)Job evaluation

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Definitions:

Perfectly Inelastic

A situation in which the quantity demanded or supplied does not change regardless of any change in price.

Fixed Number

A specific, unchanging quantity that does not vary under different conditions or over time.

Supply Curve

A graph showing the relationship between the price of a good and the amount of it that producers are willing to supply at those prices.

Short-Run Elasticity

Refers to the responsiveness of the quantity demanded or supplied of a good or service to a price change over a short period.