Which of the Following Statements Is True About Standard Hour

question 61

Multiple Choice

Which of the following statements is true about standard hour plans?

• A) They encourage employees to focus exclusively on customer service.
• B) They succeed only for employees who are not motivated by money.
• C) They encourage employees to focus mainly on quality.
• D) In terms of their pros and cons,they are very different from piecework plans.
• E) They encourage employees to work as fast as they can.

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Definitions:

Selling Price

The amount a good or service is sold for in the market.

Assessed Value

The dollar value assigned to a property for purposes of measuring applicable taxes, often determined by a public tax assessor.

Payoff

The act of completely repaying a loan, including the principal amount and any accrued interest, thereby fulfilling the borrower's obligations.

Sale

The act of selling goods or services in exchange for money or other compensation, constituting a fundamental business activity.