Which of the Following Is a Reason Why Some Firms

question 228

Multiple Choice

Which of the following is a reason why some firms do not use commission pay?

• A)It gives workers incentive to produce more.
• B)It increases firm profits.
• C)It is difficult to measure the output and attribute output to a particular worker.
• D)The best workers stay and less productive workers leave.

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Definitions:

UCC

The Uniform Commercial Code consists of a wide-ranging group of laws that control every aspect of commercial transactions in the United States.

Cut-off Hour

A specific time by which transactions or actions must be completed to be processed on the same day, commonly used in banking.

Secondarily Liable

A legal obligation that falls onto a party only after the primary liable party fails to fulfill their liability.

Universal Defenses

Legal defenses that can be invoked regardless of the specifics of the contract or transaction in question, often relating to factors like fraud or duress.