Paying a Data Entry Clerk an Hourly Rate Plus Bonus

question 89

Multiple Choice

Paying a data entry clerk an hourly rate plus bonus per page is an example of a

• A)variable-pay plan.
• B)modified piece-rate plan.
• C)teamwork incentive plan.
• D)gainsharing plan.
• E)piece-rate plan.

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Definitions:

Antitrust Enforcement

The regulation and enforcement of laws to promote competition and prevent monopolies and other practices that restrain trade.

Economic Efficiency

A situation where resources are allocated in such a way that maximizes the production of goods and services, minimizing waste and inefficiency in an economy.

Sherman Act

A landmark federal statute in the U.S. that prohibits monopolistic practices and promotes competition among businesses.

McCarran-Ferguson Act

A U.S. federal law enacted in 1945 that exempts the business of insurance from most federal regulation, leaving regulation primarily to the states.