A Worker Who Is Paid on the Basis of the Number

question 102

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)An organization-based plan
• B)A group-based plan
• C)A commission basis
• D)An equity basis
• E)A piece-rate basis

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Definitions:

Unemployment Figures

The statistics that represent the percentage of the labor force that is not employed but actively seeking employment.

Aggregate Demand

The sum of needs for all goods and services in an economy, measured at a collective price level within a set time interval.

Inflation

The velocity at which the universal price point for goods and services escalates, reducing the ability to make purchases.

Frictionally Unemployed

Individuals who are temporarily out of work while transitioning from one job to another.