Efficiency Is Defined as the Ratio Of

question 101

Multiple Choice

Efficiency is defined as the ratio of:

• A)actual output to effective capacity.
• B)actual output to design capacity.
• C)design capacity to effective capacity.
• D)effective capacity to actual output.
• E)design capacity to actual output.

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Definitions:

Standard Hour Plans

Compensation systems where employees are paid a set rate for each hour worked, often with different rates for overtime hours.

Quality-Oriented Incentives

Rewards or bonuses given to employees for meeting or exceeding quality standards in their work.

Team Awards

Recognitions or rewards given to a group of employees for their collective performance, achievements, or contributions toward organizational goals.

Group Incentive

A reward system where a team of employees is financially compensated based on the achievement of certain predefined targets or goals.