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bearhunter [10]
3 years ago
10

A company is struggling to finish the required accounting work for its financial year-end. The employees are unwilling to stay l

ate to complete the work. If the company does not complete its work, it will be in serious trouble. So, the managers decide to pay the staff a bonus for every hour they stay during this period. After the employees worked extra hours for a few days, the work was completed and everyone was happy. What was the incentive for the employees in this scenario?
A. job satisfaction
B. money
C. company profits
D. promotion
E. job completion
Business
2 answers:
MissTica3 years ago
7 0
That would be E job completion paying extra to stay and get the work done is job completion.
disa [49]3 years ago
5 0
I think the answer is E, Job Completion


hope this helps :)
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Answer:

1. <u>implicit cost</u>

2.<u> explicit cost</u>

3. <u>implicit cost</u>

4. <u>explicit cost</u>

Explanation:

Implicit costs refer to those costs that represent opportunity cost. In simple terms they are notional or those which haven't been actually incurred but considered.

Opportunity costs refer to the cost of sacrificed alternatives when an alternative is opted for. For instance, a student pursuing post graduation incurs implicit cost in the form of income foregone had he chosen to work instead for the same duration.

In the given case, the foregone rental income Jacques would've earned had he chosen to rent out his showroom represents opportunity cost or implicit cost.

Similarly, the salary Jacques sacrificed by working in boat business represents implicit cost.

The wages and utility bills that Jacques pays and wholesale cost which he pays represent costs which have actually been incurred, which are termed as explicit costs.

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Taylorism suggests low levels of trust between an employer and their workforce. To ensure that labor power purchased is converted into labor performed, direct control is therefore required. Managers are urged by this control question to identify methods of enforcing workers what they should do, how to perform it, within what parameters, and how quickly, and assess employee performance and impose penalties.

<h3>What is Taylorism in scientific management?</h3>

As a manager of mechanics, Frederick Taylor created the Taylorism tenet in order to achieve the most effective workplace practices.

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