A Concentration Ratio

question 371

Multiple Choice

A concentration ratio

• A)measures the percentage of total sales of the top firm in the industry.
• B)reflects the level of competition in an industry.
• C)is inversely related to the price charged by the top firm in the industry.
• D)All of the above are correct.

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Definitions:

Incentive Compensation

A form of remuneration designed to reward employees for achieving specific performance targets or objectives, often aimed at motivating higher levels of productivity.

Annual Salary

The total amount of money a person earns from their job in a year, often expressed as a pre-tax figure or before deductions.

Job Enrichment

A job design strategy intended to enhance employee satisfaction and performance by adding tasks that increase the job’s depth or meaningfulness.

Job Enlargement

A method of job design that increases the range and variety of tasks performed by an employee to enhance job satisfaction.