There are several useful guiding principles that leaders should follow when instituting team-based pay. All of the following are useful guidelines EXCEPT:
a. the balance between individual- and team-based pay should be in proportion to the amount of individual and team-based work an employee does.
b. the goals should be difficult enough that members cannot actually reach them so as to provide a true stretch of performance.
c. team members who will be affected by the program should be consulted ahead of time.
d. the criteria used to determine the pay should be quantified.
Question 2
When a team member receives insight that changes their perspective about a manager's business decision, such as the business reasons and considerations behind a manager's ultimate decision to pursue a certain course of action, this team member:
a. will likely find it difficult to take on the uninformed perspective of a coworker who was not privy to the options the manager weighed when considering what decision she was going to make.
b. will not tolerate to talk with any other team member who is uninformed about the reasons behind the manager's decision.
c. will feel morally superior to those team members who are still uninformed about the manager's reasons for the decision.
d. avoids social interaction with other team members who were also privy to this information.
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Cost = $99.49; Rate of markup based on cost = 32%. Find the markup and selling price.