The Problem with Membership and Seniority-Based Rewards Is That

question 101

Multiple Choice

The problem with membership and seniority-based rewards is that:

• A)they discourage people from remaining with the organization.
• B)they are difficult to use in organizational settings.
• C)they do not directly motivate job performance.
• D)All of the answers are correct.
• E)they discourage people from remaining with the organization and they do not directly motivate job performancE.

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Definitions:

Perfectly Competitive

A market structure characterized by many buyers and sellers, free entry and exit, and a homogeneous product.

Consumer Surplus

The distinction between the ideal payment by consumers for a product or service and the financial outlay they make.

Average Cost

An alternative term for average total cost; the total cost divided by the quantity of output produced.

Deadweight Loss

A reduction in economic effectiveness that happens when a product or service does not reach, or cannot reach, its equilibrium state.