7.When employees receive a higher rate of pay for all of their work if production ex-ceeds a standard level of output, which incentive plans are they are working with?
8.At Steelcase, an office furniture maker, employees can earn more than their base pay if they produce more units, such as upholstering more chairs. This part of their pay is determined on units produced. Which of the following plans is being used here?
9.A new start-up firm wants to encourage team behaviours and a “culture of owner-ship” among all employees in the organization. Which of the following pay plans would you advise against?a.profit sharingb.stock optionsc.differential piece ratesd.employee stock ownership plans
10.If the standard time for producing one unit of work in a job paying $5.00 per hour were set at 6 minutes, what would the piece rate be?