Jessica Tries to Increase the Efficiency of Her Production Workers

question 23

Multiple Choice

Jessica tries to increase the efficiency of her production workers by paying them a piecework rate,with higher pay for higher output.Jessica's workers then develop informal standards for production,such that the slowest and fastest workers are rejected by the majority of the group.This outcome is predicted by

• A)scientific management.
• B)systems theory.
• C)behavioral management.
• D)contingency theory.
• E)administrative management.

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Definitions:

Face Value

The nominal or dollar value printed on a security or financial instrument, such as a bond or stock certificate.

Interest Rate

The percentage of a loan that is incurred as interest by the borrower, usually represented as an annual percentage of the outstanding loan amount.

Non-Interest-Bearing

Describes a financial instrument that does not generate interest income for the holder.

Promissory Note

A pecuniary promise recorded in a document, where one side agrees to pay a definite financial sum to the other, available either on demand or on a date in the future that has been agreed upon.