Which of the following statements is true of a wage incentive system that operates successfully?
A) It results in an increase in labor costs per unit of production.
B) It results in employees being satisfied from a job well done.
C) It merely provides economic rewards.
D) It discourages cooperation between workers.

Question

Quizplus · Accepted Answer

A successful wage incentive system not only provides economic rewards, but also leads to increased job satisfaction among employees who are motivated by the opportunity to advance and earn more based on their performance. It can also promote cooperation between workers as they strive to meet production goals and earn the rewards offered by the incentive system. However, it may not necessarily result in an increase in overall labor costs per unit of production, as the increased productivity and efficiency of motivated workers may offset any additional costs incurred.

Which of the Following Statements Is True of a Wage