Asked by Julie Smith on Jul 28, 2024
Verified
For which of the following reasons are group pay systems often preferred to individual schemes?
i. They encourage teamwork.
ii. They reduce dysfunctional competition between employees.
iii. They promote equity between employees.
A) i and ii
B) ii and iii
C) i and iii
D) All of the given answers
Group Pay Systems
Compensation structures where pay is determined based on the performance of a group or team, rather than individual achievement.
Dysfunctional Competition
A harmful form of rivalry among businesses that may involve unethical practices, leading to reduced efficiency and harm to consumers or the industry.
Teamwork
The collaborative effort of a group to achieve a common goal or complete a task in the most effective and efficient way.
- Identify the distinctions between intrinsic and extrinsic incentives and recognize how they affect motivation.
Verified Answer
JC
Jamel Clariss PintoJul 31, 2024
Final Answer :
D
Explanation :
Group pay systems are often preferred because they encourage teamwork, reduce dysfunctional competition among employees, and promote equity between employees, addressing all the reasons listed.
Learning Objectives
- Identify the distinctions between intrinsic and extrinsic incentives and recognize how they affect motivation.