e. all of the above. 10. The rate at which an employer provides an incentive for
ID: 1124231 • Letter: E
Question
e. all of the above. 10. The rate at which an employer provides an incentive for an employee to perform is the: a, informativeness principle b. incentive coefficient c. risk sharing premium d. efficient bargaining solution 11. If a work performance measure is based on both objective and subjective measures, the objective measure might be: a. the number of units produced b. the dependability of the worker c. the quality of the units produced. d. the cooperation of the worker. e, none of the above. 12. The ratchet effect refers to: a. basing a performance evaluation on expected future performance. b. A particular type of incentive pay. c. The idea that most managers are afraid to penalize employees for bad performance. d. Basing next year's standard of performance on this year's actual performance. e. None of the above. 13. Relative performance evaluation a. Involves comparing employee performance across many employees in the same job. b. May not be as beneficial as recently thought by Fredrick Taylor c. Is not always the best way to evaluate a subjective performance d. Is almost always better than subjective performance evaluation. e. Involves some of all the above.Explanation / Answer
10> b
Reason
incentive coefficient is the measure of the rate of incentives given.
11> a
Reason
The objective measure will try to quantify the amount of the product.
12> c
In labor markets, the ratchet effect refers to a situation where workers subject to performance pay choose to restrict their output, because they rationally anticipate that firms will respond to higher output levels by raising output requirements or cutting pay.
13> a
This is an evaluation of an individual's performance that is based on the difference between an individual's measurable output and an aggregated amount of the same measurable output observed in a group of the individual's peers.
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