Casey Wants a Pay-For-Performance Incentive Program That Will Increase Both

question 61

Multiple Choice

Casey wants a pay-for-performance incentive program that will increase both productivity and quality and that has few performance measurement difficulties.Her best choice is a(n) :

• A) individual-based incentive plan.
• B) piece rate incentive plan.
• C) team-based incentive plan.
• D) gainsharing plan.

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Definitions:

Professional Sports

Sporting activities or events where athletes receive payment for their performance, as opposed to amateur sports where athletes do not receive financial compensation.

Real Income

Income adjusted for price changes.

Nominal Wages

Wages that are paid to employees in current monetary terms, without adjustment for inflation.

Economic Goal

An objective or desired outcome that societies or governments aim to achieve through economic policies and strategies, such as growth, stability, and equity.