Which Is NOT a Problem with Job-Based Pay Structures

question 66

Multiple Choice

Which is NOT a problem with job-based pay structures?

• A)They may encourage bureaucracy.
• B)The structure's hierarchical nature reinforces a top-down decision making and information flow.
• C)The emphasis on job levels and status employee promotion-seeking behaviour but may discourage lateral employee movement.
• D)The job-based pay structure requires updating job descriptions which is a straightforward and inexpensive process to maintain.

Understand the significance and implications of the production possibilities curve.

Learn about the efficiency represented by points on the production possibilities frontier.

Recognize the implications of the bowed-out shape of the production possibilities frontier indicating increasing opportunity costs.

Understand the distinction between attainable and unattainable outputs as represented by the production possibilities frontier.

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Definitions:

Risk Passes

A term used in sales and contract law signifying the point at which the risk of loss or damage to goods transfers from the seller to the buyer.

Destroyed Goods

Items or products that have been damaged to the point where they can no longer serve their intended purpose.

Commercial Reasonableness

Reasonable commercial standards of fair dealing, required of merchants in addition to honesty in fact.

Fair Dealing

A legal doctrine that allows for limited use of copyrighted material without permission from the copyright holder, typically for purposes of criticism, review, or education.