A Worker Who Is Paid on the Basis of the Number

question 106

Multiple Choice

A worker who is paid on the basis of the number of computer components produced per day is said to be paid on a(n) ______________ basis.

• A) underpayment inequity
• B) overpayment inequity
• C) commission
• D) equity
• E) piece-rate

Understand the role of scale economies in long-run cost behavior.

Understand the impact of first impressions and biases on the hiring process.

Recognize the steps involved in designing and evaluating training and development programs.

Differentiate between internal and external recruiting methods and their implications.

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Definitions:

Law of Supply and Demand

An economic principle stating that the price of a good or service is determined by its availability (supply) and the desire for it (demand), assuming all else being equal.

DRG System

Diagnosis-related group system, a method used by healthcare providers to classify hospitalization costs and determine how much to reimburse for care based on the diagnosis.

Health Care Costs

refer to the expenses associated with the prevention, diagnosis, treatment, and management of illness and the preservation of mental and physical well-being.

Affordable Care Act

A comprehensive health care reform law enacted in 2010 in the United States to increase health insurance quality and affordability.