Organizations That Want Employees to Focus on Efficiency May Adopt

question 14

Multiple Choice

Organizations that want employees to focus on efficiency may adopt a _________ program,which measures increases in productivity and effectiveness and distributes a portion of each gain to employees.

• A) commission
• B) piecework
• C) gainsharing
• D) merit pay
• E) bonus

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Definitions:

Quantity Demanded

The amount of a good or service that consumers are willing and able to purchase at a given price over a specified period.

Government Imposes

Refers to regulations, taxes, or policies that a government enforces to influence economic or social outcomes.

Price Ceiling

A maximum price that sellers may charge for a good, usually set by government.

Government Setting

The environment and conditions created by governmental policies, laws, and regulations.