An efficiency wage is a higher wage paid to reward workers who show greater productivity. Option D is correct.
<h3>What is the Efficiency wage?</h3>
Wages provided to employees over the minimum wage in order to retain a trained and efficient staff are referred to as efficiency wages. Adam Smith defined a type of pay disparity in the 18th century, in which workers in some businesses are paid more than others based on the level of trustworthiness necessary.
Employers establish efficiency salaries above the equilibrium wage rate as an incentive for better employee performance. An efficiency wage is a higher wage provided to employees who are more productive.
Therefore, option D is correct.
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Answer:
B) offer grants to university researchers
Explanation:
Positive externality is when the benefits of economic activities to third parties exceeds its costs.
Research and development activities usually generate positive externality because discoveries and inventions are made which benefits the whole society.
Also, education generates positive externality .
Government can encourage activities that generates positive externality by giving grants and subsidies.
Giving grants and subsidies reduces the cost of activities.
Taxes increases the cost of production and this can discourage production.
It is activities that generate negative externality that are usually taxed.
Negative externality is when the benefits of economic activities to third parties is less than the cost.
Della, the sales manager, just informed her sales team that all sales in March will earn an extra 5 percent commission. The team gets right to work, being motivated by a extrinsic reward.
<h3>
What is extrinsic reward?</h3>
Employees typically receive extrinsic rewards in the form of monetary or tangible compensation, such as raises, bonuses, and benefits. They are extrinsic because they are unrelated to the completion of the work and are managed by people other than the employee.
Extrinsic rewards include monetary bonuses and additional days off from work. They are under the control of people other than you. Intrinsic rewards are intangible, psychological rewards that come from completing a task well.
Extrinsic motivation uses rewards or other incentives, such as praise, fame, or money, to motivate people to do certain things. Unlike intrinsic motivation, this type of motivation is driven by external factors. Extrinsic motivation is demonstrated by being paid to do a job.
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Provide some business examples. The strategic goal which an IS can attain without involving wresting market share from competitors by following certain measures like: By lowering the price of units to sell while maintaining the quality of the products. By offering new products and services.
Cynthia has been asked by her supervisor to give a presentation. The presentation will be a brief training for four new hires who need to learn the : <u>Yes, because Cynthia will be able to use text, images, and media to help explain the company's safety protocols.</u>
<u></u>
Ask yourself what the presentation is all about, its title and its goal. Think about who your audience is. Figure out what your main message is. Think about the structure of the presentation: the opening, the main part and the summary.
There are two basic types of presentation (or oral reports) that you will likely be called upon to deliver during your educational career and beyond — informative presentations and persuasive presentations.If you have effective presentation skills, this means you are good at communicating. By speaking clearly, and getting your ideas and message across to people well, there will be less miscommunication in your life.
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