A Potential Problem with Piece-Rate Plans Is That

question 156

Multiple Choice

A potential problem with piece-rate plans is that:

• A) workers will have a tendency to under-produce the good.
• B) workers have no incentive to work hard.
• C) workers may put little emphasis on the quality of the good.
• D) it is difficult for managers to enforce.

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Definitions:

Credit Terms

Conditions under which credit is extended by a lender to a borrower, including interest rates, repayment schedule, and other critical terms of the credit agreement.

Identity Theft

Identity theft is the fraudulent acquisition and use of someone's private identifying information, typically for financial gain.

FTC

Stands for the Federal Trade Commission, a U.S. federal agency tasked with protecting consumers and maintaining competition.

Cosign

To sign a legal document alongside another person, taking joint responsibility for the obligation the document entails, such as a loan.