A payment plan that induces better worker effort by linking compensation to revenues of the firm is known as:
A. profit sharing.
B. revenue sharing.
C. spot checking.
D. piece rate sharing.
Answer: B
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Following the collapse of its housing and stock markets around 1990, the Japanese government ________
A) effectively managed the crisis, limiting the damage to the Japanese economy B) took only limited action in response to the crisis C) was able to rely on private initiatives in quickly reversing the course of GDP in the 1990s D) fixed the value of the yen to the Euro and pursued an aggressive monetary policy
A bureau's total output is decided at the same time as its budget just as in the private sector
a. True b. False
Which one of the following decisions most clearly reflects a lack of understanding of the concept of sunk costs?
a. You pay to have your car towed back to the repair shop because it was not fixed properly the first time. b. You decide to get a master's degree because you cannot find a job in the field in which you majored. c. You decide to purchase a piece of machinery for your business that will eliminate three employees' positions. d. You study eight hours for a final exam even though there is no way now that you can pass the course.
Refer to the table shown. The firm would definitely not hire:Number of workersTotal output142103184285356417458489501049
A. 9 workers. B. 5 workers. C. 10 workers. D. 7 workers.