Souped Inc., a firm that manufactures ready-to-eat soups, offers incentives based on an employee's performance rating and the employee's compa-ratio. Which payment plan is exemplified in this scenario?
A. standard hour plan
B. differential plan
C. piecework plan
D. skill-based plan
E. merit pay
Answer: E
You might also like to view...
The efficient market hypothesis assumes that
A. there are only a few buyers and sellers in a stock market and stocks are illiquid. B. there are many buyers and sellers in a stock market and stocks are illiquid. C. there are only a few buyers and sellers in a stock market and stocks are liquid. D. there are many buyers and sellers in a stock market and stocks are liquid.
______ differentiation refers to the number of different types of jobs that exist in an organization’s structure.
A. Vertical B. Spatial C. Cultural D. Horizontal
__________ by administrative agencies provide a practical decision-making process for repetitive, frequent actions that are inappropriate to litigate in courts
a. De novo decisions b. Informal discretionary actions c. Formal rule making d. Informal rule making
Products that require a high frequency of scheduled shipments would be LEAST suited to travel by
A. rail. B. water. C. air. D. pipeline. E. truck.