If an Employer Pays Employees According to the Volume of Business

question 169

Multiple Choice

If an employer pays employees according to the volume of business revenue they individually generate, then the employer is applying the

• A) productivity standard.
• B) merit standard.
• C) contributive standard.
• D) all of the above.

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Definitions:

Equilibrium Price

The equilibrium price in the market where the supply of goods matches the demand for goods.

Equilibrium Quantity

The quantity of goods or services supplied is exactly equal to the quantity demanded at the market price.

French Fries

A popular fast food made by cutting potatoes into strips and deep-frying them until they are crispy.

Hamburger Ingredients

The various components required to make a hamburger, such as ground meat, lettuce, tomato, buns, and condiments.