The answer is motivating everyone to do a good job by promoting organizational goals
Answer: A. You would raise your policy premium substantially and Sam would not accept because he doesn't know about the Japanese.
Explanation:
In such a scenario as the one described above, the best option as an Insurance Agent is indeed to raise premiums substantially.
As the Japanese will most probably get to market first with the new Mayonnaise Substitute, they will have the rights to it's invention and could even patent it.
This means that Sam and SCAM will most likely suffer a loss as a result of this.
As there is such a high chance of loss, charging a substantially higher premium to enable coverage is only logical and makes business sense.
Sam does not know however that the Japanese are so far ahead and having rejected a substantially lower offer, will reject the newer, substantially higher one as well.
In order for more efficient workers to earn higher wages, a company would have to be using a <u>differential rate </u><u>pay </u><u>structure.</u>
<h3>What is a differential rate pay structure?</h3>
- Workers are paid based on time taken to complete tasks.
- Workers who finish by the time they are supposed to are paid higher.
Efficiency refers to finishing tasks in a particular time which means that those employees who finish on time are more efficient and will get a higher pay.
Find out more on<u> differential rate pay structure</u> at brainly.com/question/5044592.
Answer:
Objective System
Explanation:
The purpose of performance appraisal is to get the data of employee's performance in order to make future decisions, grant benefits, provide feedback, and measure overall performance.
There are many ways to gauge the performance appraisal and out of them one is objective performance appraisal in which focus is on the results of targeted objectives that the organization has given to the employees. This system doesn't give much importance to personal perceptions of the managers or supervisors on the performance of employees.
