Token inc. is an envelope manufacturer based in dallas. the employees of the organization receive incentive pay based on the amount of work produced. if the output of an employee is more than the average production volume, then the organization pays an incentive in addition to wages and salaries. in this case, which of the following incentives is offered by token inc.?
a. piecework rate
b. minimum wage
c. employee labor
d. training stipend
e. group bonus

The correct answer is A

Explanation:

Piece work rate is the system of the pay in which the workers or the employees of the company are paid per unit of the creation or the production.

In short, it means that they are being paid on the per piece or unit is produced by the employee or worker.

So, in this case, Token company pays the employees as per the piece work rate as it is grounded on the amount of the work produced.

1   all nations face the problem of scarcity because there are limited resources and unlimited wants. nations do not have enough factors of production to produce everything that their population wants. entrepreneurial resources initiate businesses to make new goods and services; labor resources produce goods and services.

2 there are four factors of production: natural resources, labor resources, capital resources, and entrepreneurial resources. natural resources are raw materials from nature that are used to produce goods. trees, water, and grains are natural resources. some natural resources, such as wheat and cattle, are renewable

3 wants

things that you do not need to have in order to survive, but would like to have

needs

things that you must have in order to survive

goods

physical products

services

tasks that a business perform for customers

resources

items that people can use to make or obtain what they need or want

determine

to settle or decide by choice of alternatives or possiblities

4 i really dont know