ACCOUNTING QUIZ - LABOR COSTS
Across
- 4. Main Advantage of controlling labour costs?
- 7. What cost type is day work?
- 9. A team-based reward method is called ….
- 11. Labour costs in piecework __________ as output increases.
- 13. Rate controlling fixed work is called …
- 15. What is the measure of the efficiency of employees within a business?
- 17. Which employee has higher labor costs?
- 19. One of the advantages of day work is to decreased
Down
- 1. What is the term called when referring to payments to employees?
- 2. What is his bonus?
- 3. What is one disadvantage of individual bonus schemes?
- 5. The measurement of employee efficiency is called?
- 6. Advantage of offering bonuses?
- 8. What is the disadvantage of daywork towards employee incentive to work?
- 10. Payment made according to the number of units produced is called?
- 12. To remain competitive, a business needs to keep……. Costs as low as possible
- 14. Bonus schemes reward more __________ workers.
- 16. Incentive for quick completion of tasks is called …..
- 18. a payment system with a fixed-cost is called ….
- 20. Labour productivity = Output per period (units) / Number of ………