All of the Following Are Characteristics of Hourly Wage Plans

question 24

Multiple Choice

All of the following are characteristics of hourly wage plans except:

• A)They provide no extra recognition for doing more than the minimum required.
• B)They are easy to apply.
• C)They establish a definite rate per hour for each employee.
• D)They encourage employees to sacrifice quality in order to maximize earnings.

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Definitions:

Federal District Courts

Courts of the first level in the federal judicial system of the United States, where civil and criminal cases under federal statutes are tried.

Liquidation

The process of converting a company's assets into cash to pay off creditors before closing the business.

Straight Bankruptcy

Also known as Chapter 7 bankruptcy, it involves the liquidation of a debtor's non-exempt assets to pay creditors.

Federal Law

Laws passed by the national government of the United States that apply throughout the country.