Examlex
When making strategic decisions about which products and how much to produce,managers must need to distinguish fixed costs from variable costs.
Variable Pay
A portion of compensation determined by an individual's performance or the company's performance.
Pay
Monetary compensation given to employees for their labor or services, often determined by factors such as skill level, industry standards, and organizational policies.
Motivator
An internal or external factor that stimulates individuals to act in a certain way or to pursue particular goals.
Wage Incentive Plans
Various systems that link pay to performance on production jobs.
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