A mid-sized manufacturing company produced one thousand component assemblies in July of this year, far exceeding the previous record of 843 assemblies. One week later, the firm had grills brought on site and employees were treated to a steak luncheon.

The steak grill-out is an example of:

a. an award.
b. a bonus.
c. gainsharint
d. merit pay

An award

Explanation:

An award is given to a beneficiary in recognition of ones hard work and excellence in an organization. The steak grill-out given to the workers is an example of an award. The workers were treated to the steak luncheon because of the increase in production witnessed in the firm.

Showing workers that their effort is appreciated will keep up their morale and make them feel valued. Examples of award given to employees are employee of the month, taking your workers out for lunch or vacation etc.

answer about 4-5 percent of the labor force is unemployed;