Mr. Jones pays his employees by the hour. He believes they purposely work slowly to maximize their personal satisfaction. What can he do to provide them with a stronger incentive to work efficiently?
Mr. Jones needs to do something that would change worker incentives. One option would be to link pay to output or to the firm's profitability. He could pay bonuses for increased output, or he might tie all employee income to the profit the firm earns. This would make the employees residual claimants, giving them a stake in the firm's well-being.
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Which of the following statements is most correct?
A. Financial regulators work to prevent monopolies but also work to prevent strong competition in banking. B. Financial regulators discourage competition in banking. C. Financial regulators do everything possible to encourage competition in banking. D. Financial regulators prefer banks to have monopoly power in their geographic markets.
Refer to the information provided in Figure 9.3 below to answer the question(s) that follow. Figure 9.3Refer to Figure 9.3. This firm's shutdown point corresponds to Point
A. A. B. B. C. C. D. D.
What taxes will be used to help pay for the PPACA?
What will be an ideal response?
The opportunity cost of going to college full time away from home includes
A) the income you could have earned from a full-time job. B) the funds you would have saved if you had not paid the tuition. C) the time you could have spent with parents back home. D) All of the above are correct.