An individual incentive plan for a factory worker directly involved in producing a product would normally be:
a. a bonus program
b. a commission
c. the Scanlon plan
d. piecework
e. a profit-sharing plan
d. piecework
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Assets are economic resources with the potential to provide future economic benefits to a firm
Indicate whether the statement is true or false
Possible strategic applications of excess capacity include all of the following EXCEPT ____________
a. reducing variation in current capacity b. free trials for prospective customers c. free trials for intermediaries who sell to end customers d. employee rewards e. bartering with the firm's own suppliers
Through which channel do we mostly communicate?
a. The non-verbal channel b. The para-verbal channel c. The visual channel d. None of the above are correct
The balanced scorecard approach looks at a company's performance from four perspectives. Those perspectives are:
A) prevention, appraisal, internal, and external. B) customer, creditor, stockholder, and manager. C) financial, customer, internal business, and learning and growth. D) manufacturing cycle time, throughput, appraisal, and environmental.