Question detail
Harbour Hire serves small retailers while taking a loan; the case evidence includes capacity utilisation of ?10,150, sales of 250 units, and a 17% change in costs or demand. Which option best applies Explain financial methods of motivation, including salary, wage, commission and profit sharing?
Try the question, check the answer, then read the explanation to understand the curriculum point.
At a glance
MCQ
Type
practice
Style
Topic
Motivating employees
Question
- A. Use wage, profit sharing, commission, motivation to judge capacity utilisation, lenders impact, and the business objective in Motivation methods.
- B. Give only a definition of Motivating employees without using the case evidence.
- C. Treat internal and external finance as identical and ignore the effect on lenders.
- D. Choose the largest sales figure without checking costs, finance, or context.
Answer
The correct option is: Use wage, profit sharing, commission, motivation to judge capacity utilisation, lenders impact, and the business objective in Motivation methods.
Explanation
The option is correct because Use wage, profit sharing, commission, motivation to judge capacity utilisation, lenders impact, and the business objective in Motivation methods. The case evidence gives ?11,650, 250 units, and 17%, so the answer must explain the commercial effect rather than repeat a definition. The distractors are weaker because they confuse internal and external finance, miss the lenders, or ignore the business objective.
Common mistake
Motivation methods common mistake 1
Giving a vague answer instead of directly addressing: Explain financial methods of motivation, including salary, wage, commission and profit sharing..
Answer by clearly explaining how to explain financial methods of motivation, including salary, wage, commission and profit sharing..
Related flashcards
Flashcard 1 of 6
Related practice questions
Question 1 of 5
Choose an answer, get feedback, then move sideways through the set.