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schepotkina [342]
2 years ago
15

Steelweld, a car parts manufacturer, pays employees a higher hourly rate as they learn to master more parts of the work process.

Employees earn $10 per hour when they are hired, and they can earn up to $20 per hour if they master all 12 work units in the production process. Which of these reward systems is being applied by Steelweld?
Business
1 answer:
Reptile [31]2 years ago
7 0

Answer:

<u>The correct answer is A. Skill-based pay.</u>

Complete question and statement: Steelweld, a car parts manufacturer, pays employees a higher hourly rate as they learn to master more parts of the work process. Employees earn $10 per hour when they are hired and they can earn up to $20 per hour if they master all 12 work units in the production process. Which of these reward systems is being applied by Steelweld?

A. Skill-based pay

B. Piece-rate pay

C. Job evaluation system

D. Seniority-based pay

E. Membership-based pay

Source: https://www.coursehero.com/file/p6jelia/p-166-Steelweld-a-car-parts-manufacturer-pays-employees-a-higher-hourly-rate-as/

Explanation: It is perfectly clear that this car parts company is promoting the development of skills during the production process. The employee knows in advance that as he or she develops a greater number of skills, he or she will have a better pay. The formula for a better payment is disclosed.

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Answer:portfolio Weight of A =0.6118; portfolio Weight of B=0.3882

Explanation:

stock A  Investment = Number of shares x market value

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stock B investment =Number of shares x market value

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Total Investments= $5200 +  $3,300  = $8,500

portfolio Weight = stock  Investment / Total investment

portfolio Weight of A= 5200/ 8,500 =0.6118

portfolio Weight of B = 3,300 / 8,500 =0.3882

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Answer:

Delphi method

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This method can also be used for face to face meetings.

Questionnaires are sent to panel of experts, anonymous responses are aggregated and presented to the group after each round. Questionnaires bare often sent through mail.

In this scenario where Fern wants to work with a group of experts to find the best solution for a quality assurance problem with her company's new product, the best option will be to use the Delphi method.

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Explanation:

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