Answer:
Gain sharing
Explanation:
Gain sharing pay plan is a system of management gives higher share of financial gain to employees that have higher performance.
The aim of this strategy is to seek improved performance through more involvement and participation of its people.
So in this scenario a person improves productivity by developing a new work process and receives a portion of the productivity savings as a monetary reward.
This is a gain sharing pay plan
Answer:
The assembly line efficiency is 4.17% (to 2 decimal places)
Explanation:
Efficiency is a measure of productivity that is used to determine how well a target is achieved, by finding the ratio of the actual output to the expected output. In this example, the number of units is the output of the assembly line, and the assembly line efficiency is calculated as follows:
Assembly line efficiency = (actual output) /(required output) × 100
actual output = 25 minutes
if 5 minutes = 1 unit
∴ 25 minutes = 1/5 × 25 = 5 units
∴ actual output = 5 units
required output = 120 units
∴ efficiency = 
= 4.17%
I believe the statement given is false. PACED decision-making process is useful in making career choices. <span>The </span>PACED<span> Decision-Making </span>model<span> provides for students to be actively involved in the decision-making process. Hope this helps.</span>
Answer:
A budget is a financial plan used to estimate future income and expenses. The budgeting process may be carried out by individuals or by organizations. Budgets help an entity determine whether it can continue to operate with its projected income and expenses.
Explanation:
thank me later
Answer:
Wage rate is $5
Explanation:
The marginal utility of money=marginal utility of leisure/wage rate
When the formula is rearranged,wage rate is given thus:
wage rate=marginal utility of leisure/marginal utility of money
wage rate=15/3
wage rate =$5
In other words, the correct option is C,wage rate is $5
Option D would have been correct if the requirement was to calculate marinal utility of leisure
