In a Company's Merit Pay Program, an Individual's Compa-Ratio Represents

question 17

Multiple Choice

In a company's merit pay program, an individual's compa-ratio represents

• A) the individual's pay relative to the individual's performance rating.
• B) the individual's pay relative to company's average pay for that position.
• C) the individual's worth versus that of others in the organization.
• D) the ratio of the individual's pay to benefits.
• E) the average worth of the skills possessed by the individual.

---

Definitions:

Hybrid Models

Business or analytical models that combine features from different traditional models, aiming to leverage the strengths and mitigate the weaknesses of each.

Microloans

Small, often short-term loans provided to individuals or small businesses, typically in developing countries, to spur economic development.

Grameen Bank

A microfinance organization and community development bank in Bangladesh that offers small loans to the impoverished without requiring collateral.

Earned-Income Activities

Business operations that generate revenue from the sale of goods or services rather than from donations or grants.