When an Organization Bases Employees' Pay on the Number of Units

question 60

Multiple Choice

When an organization bases employees' pay on the number of units each employee produces, it is using a(n)

• A)equity plan.
• B)Scanlon plan.
• C)piece-rate plan.
• D)commission pay plan.
• E)stock option plan.

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Definitions:

Statement of Income and Expense

is a financial report that summarizes the revenue, costs, and expenses incurred during a specific period.

Negative Number

A number less than zero, often used to represent a deficit or decrease in quantitative measurements.

Overpayment

The action of paying more than is due for a service or product, leading to a balance that may be refunded or credited.

Reconciling

The process of making one account or situation consistent with another, often involving the resolution of discrepancies.