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

question 3

Multiple Choice

When an organization bases employees' pay on the number of units each employee produces,they are using a:

• A)A profit-sharing plan
• B)A Scanlon plan
• C)Piece-rate plan
• D)Commission pay plan
• E)Stock option plan

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Definitions:

Economic Environment

The totality of economic factors, such as employment, income levels, and inflation, that influence the disposal income and spending patterns of a society.

Great War

Another name for World War I (1914-1918), emphasizing its scale and impact at the time it occurred.

Irish-Americans

People in the United States who have full or partial ancestry from Ireland, contributing significantly to American culture and society.