Gainsharing Plans Tend To

question 98

Multiple Choice

Gainsharing plans tend to:

• A)increase efficiency without paying employees any financial reward.
• B)tie employee pay directly to company profits.
• C)create a reasonably strong effort-to-performance expectancy.
• D)reward individuals for their own personal performance rather than team or organizational performance.
• E)increase efficiency without paying employees any financial reward creating a reasonably strong effort-to-performance expectancy.

Distinguish between the short run and long run in perfectly competitive markets.

Understand the implications of homogeneous products in perfectly competitive markets.

Recognize the supply curve in the context of a perfectly competitive firm's cost curves.

Understand the impact of free entry and exit on the profits of firms in perfectly competitive markets.