The Effect of Different Materials on Productivity and Cost Is

question 14

Multiple Choice

The effect of different materials on productivity and cost is often the result of:

• A) Using less costly materials
• B) Using the latest hi tech materials
• C) Using computer run machines
• D) Using more costly materials
• E) Faster delivery of the materials

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Definitions:

Commissions

Earnings based on a percentage of the sales made by an employee or agent, as a form of incentive pay.

Pay Equity

The principle of offering equal pay for work of equal value, aiming to eliminate wage discrimination based on gender or other unrelated factors.

Equal Pay

The principle of compensating employees equally for work of equal value regardless of gender, race, or other non-performance-related factors.

Skill-Based Pay

A compensation system that pays employees based on the skills they have acquired, rather than their job title or position alone.