Relative to an output--based system

Assignment Help Business Economics

Reference no: EM13838639

A more serious problem with input-based pay systems (e.g., a wage her hour), relative to an output--based system, is:

a. the difficulty of measuring the worker's output.

b. the cost of administering the pay system.

c. workers will maximize output and neglect quality.

d. workers have an incentive to shirk.

Reference no: EM13838639

Questions Cloud

Estimates for proposed small public facility : Estimates for a proposed small public facility are as follows: Plan A has a first cost of $50,000, a life of 25 years, a $5,000 market value, and annual maintenance expenses of $1,200. Plan B has a first cost of $90,000, a life of 50 years, no market..

Which environmental protection equipment alternative : Which environmental protection equipment alternative should be selected? The firm MARR is 20% per year. Assume the equipment will be needed indefinitely. Assume the study period is shortened to five years. The market value of alternative B after five..

Income elasticity and cross-price elasticity of demand : The management of the Mini Mill Steel Company estimated the following elasticity for a special type of steel it produces: Ep=-2, Ei=1, and Exy=1.5, where X refers to steel and Y to aluminium. These are, respectively, the own-price elasticity, income ..

Market structure-pure competition or monopoly : Select an industry or firm and state what is the market structure (pure competition, or monopoly, or monopolistic, or oligopoly).Define the characteristics of the industry or firm to support your selection of a market structure. Describe or illustrat..

Relative to an output--based system : A more serious problem with input-based pay systems (e.g., a wage her hour), relative to an output--based system, is:

How much can the money supply be expanded : First Bank has total deposits of $2,000,000 and legal reserves of $220,000. a. If the reserve requirement is 10 percent, what is the maximum loan that First Bank can make, and what is the maximum increase in the money supply based on First Bank's res..

Aggregate level data-firm-level data are self explanatory : National level or aggregate level data and firm-level data are self explanatory. I have seen certain papers on productivity analysis as well as other topics which refer to "establishment-level" data. Can someone please explain what is meant by this t..

Some real-world examples of different types of trading blocs : What are some real-world examples of these different types of trading blocs?

How do foreign investments get scared by monetary policy : In an interview with Daron Acemoglu, he says "the hot money which was floating through Turkey has stopped after FED's declaration that we are going to give much more attention on monetary policy". Basically I know some fundamental things like monetar..

User Account

All Pages