Which of These Is a Common Component of Most Gainsharing

question 47

Multiple Choice

Which of these is a common component of most gainsharing plans?

• A)hierarchical structure
• B)bonus pool
• C)systematic data collection
• D)on-the-job training

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Definitions:

Average Fixed Costs

The total fixed costs of production divided by the quantity of output produced, illustrating how fixed costs dilute as production increases.

Average Total Costs

The total cost of production divided by the number of units produced, reflecting the average cost per unit.

Total Variable Cost

The total of all costs that vary with output level, including materials, labor, and other expenses that increase as production increases.

Implicit Costs

The opportunity costs of using resources owned by the firm for its own use, rather than earning income from these resources elsewhere.