The Henry-Bell organization uses the Scanlon plan to provide incentives to its employees. The workers produce electrical components worth $5 million. The target ratio set by the organization is 30 percent. The employees will be given a bonus if the actual labor costs are less than
A. $1 million.
B. $2 million.
C. $1.5 million.
D. $2.5 million.
E. $0.5 million.
Answer: C
You might also like to view...
Which of the following is communication focused on developing, maintaining, and repairing the relationships between group members rather than a type of communication identified by functional group decision making as related to making the best decision.
A. promotive B. disruptive C. counteractive D. socioemotional
Process motivation theories focus on ______.
a. identifying and understanding employees’ needs b. understanding how employees choose behaviors to fulfill their needs c. understanding how consequences of employee behavior will motivate them to behave in predetermined ways d. understanding how employees learn their needs over time
A management information system's main priority is to provide information to
a. internal parties only. b. line personnel but not staff. c. both external and internal parties. d. external parties only.
Budgets are used only for planning
Indicate whether the statement is true or false