A Piecework Wage Compensation May Be Used If Productivity

question 34

Multiple Choice

A piecework wage compensation may be used if productivity

• A)can be related to the supply chain.
• B)is easy to measure.
• C)is difficult to observe.
• D)is backloaded.

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Definitions:

Scarcity Principle

A psychological and economic principle stating that limited availability of a resource makes it more desirable and valuable.

Limited-number Technique

A marketing strategy that creates a sense of urgency by claiming a product is in short supply, urging quick consumer action.

Scarcity

A basic economic problem arising from the situation in which finite resources are insufficient to satisfy all human wants and needs.

Scarcity

A condition where resources are limited compared to the demands or needs, leading to competition and value appreciation.