Under the Soviet System of Communism

question 121

Multiple Choice

Under the Soviet system of communism

• A)managerial pay was determined by the extent to which managers could lower the per-unit costs of production.
• B)technological progress was slow because managers had little incentive to develop new technologies.
• C)competitive pressures in the Soviet Union allowed the country's technological progress to keep pace with the rest of the world.
• D)the per-worker production function in the Soviet Union shifted up more rapidly than production functions in other countries.

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Definitions:

Peer Review Panel

A committee of experts evaluating the quality, relevance, or performance of work or research.

Managerial Control

The process by which an organization's management directs and coordinates activities to achieve its objectives and comply with company policies.

Seniority

The concept of recognizing or prioritizing individuals based on their length of service or duration in a position or organization.

Union Contracts

Legally binding agreements between labor unions and employers that outline wages, hours, benefits, working conditions, and other employment terms.