Author joe writer receives 2 per book sold this

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165. Author Joe Writer receives $2 per book sold. This payment is a(n): A. piece rate. B. royalty. C. bonus. D. example of profit-sharing. AACSB: Analytical Skills Blooms: Application Learning Objective: 13-6 McConnell - Chapter 13 #165 Topic: Pay and performance 166. For the firm, the major goal of profit sharing plans is to: AACSB: Reflective Thinking Skills Blooms: Understanding Learning Objective: 13-6 McConnell - Chapter 13 #166 Topic: Pay and performance 167. Stock options as a form of payment are designed to: AACSB: Reflective Thinking Skills Blooms: Application Learning Objective: 13-6 McConnell - Chapter 13 #167 Topic: Pay and performance 168. One of the potential negative side-effects of pay in the form of sales commissions is: A . a greater incentive for sales people to engage in unethical or fraudulent sales practices that may eventually cause legal problems for the firm. B. increased volatility of sales revenue for the firm. C. the potential that pay levels may get so high that they will increase a firm's marginal wage cost more than its marginal revenue product. D. an increased likelihood of shirking by workers. AACSB: Reflective Thinking Skills Blooms: Understanding Learning Objective: 13-6 McConnell - Chapter 13 #168 Topic: Pay and performance
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169. (Consider This) The main idea highlighted in the story about artist Pablo Picasso is: AACSB: Reflective Thinking Skills Blooms: Application Learning Objective: 13-5 McConnell - Chapter 13 #169 Topic: Wage differentials; human capital 170. (Consider This) The story about artist Pablo Picasso illustrates the point that: A. the demand for labor is a derived demand. B. geographical immobility impedes an efficient allocation of labor resources. C. principal-agent problems can occur in unusual settings. D. present skills reflect past accumulations of human capital. AACSB: Reflective Thinking Skills Blooms: Application Learning Objective: 13-5 McConnell - Chapter 13 #170 Topic: Wage differentials; human capital
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