In A(n)________ Plan,performance Is Usually Measured as Physical Output and the Payment

question 36

Multiple Choice

In a(n) ________ plan,performance is usually measured as physical output and the payment is not rolled into the base pay.

• A)skill-based
• B)profit-sharing
• C)individual incentive
• D)merit pay
• E)gainsharing

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Definitions:

Autonomous C

Consumer spending that does not depend on current income, influenced by factors like confidence and wealth, key for understanding economic fluctuations.

Induced C

Refers to the consumption that varies with income levels; as income increases, so does the consumption level.

Autonomous Consumption

the level of consumption that occurs when income is zero, representing the expenditures necessary to meet basic needs.

Disposable Income

Available cash for households to utilize in saving and spending after income taxes have been processed.