If TruLite's management studied the light fabrication department and found that the department should assemble 25 lamps per hour per worker and set its piece rate to get workers to meet output level,then this standard is called the:
A)risk premium.
B)benchmark.
C)incentive adjustment.
D)random element of production.

Question

Quizplus · Accepted Answer

The standard set by TruLite's management for assembling 25 lamps per hour per worker is called a benchmark. A benchmark is a standard or point of reference against which performance or achievements can be measured, in this case, the production output of the light fabrication department workers.

If TruLite's Management Studied the Light Fabrication Department and Found