Which of the Following Is Not a Characteristic of Time-Based

question 27

Multiple Choice

Which of the following is not a characteristic of time-based compensation approaches?

• A)Relatively stable labour costs
• B)Easier to administer than output-based plans
• C)Stable pay for employees
• D)Simpler wage computations than output-based plans
• E)More computations and paperwork than output-based plans

Understand the concept of dispositionism and how internal factors influence our behavior.

Recognize the impact of attribution errors on interpersonal relationships and judgments.

Understand the psychological principles demonstrated in the Stanford prison experiment and their implications.

Comprehend various persuasion techniques and their applications in everyday scenarios.

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Definitions:

Trade Barriers

Government-imposed regulations such as tariffs, quotas, and embargoes that restrict the free flow of goods and services between countries.

Efficiency Loss

Losses in economic efficiency that occur when equilibrium for a good or a service is not achieved or is not achievable.

Free Trade

An economic policy that allows for unrestricted import and export of goods and services between countries, devoid of tariffs, quotas, or other trade barriers.

Import Quotas

Limits set by a government on the amount or value of goods that can be imported into a country, usually meant to protect domestic industries.