Which Statement Is True About Skill-Based Pay

question 37

Multiple Choice

Which statement is true about skill-based pay?

• A) Skill-based pay provides a way to ensure that employees can use their new skills.
• B) Gathering market data about skill-based pay is easy.
• C) Skill-based pay ensures that the employer pays the employee for learning skills that benefit the employer.
• D) Skill-based pay does not necessarily provide an alternative to the bureaucracy and paperwork of traditional pay structures.
• E) Skill-based pay does not require records related to skills, training, and knowledge acquired.

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Definitions:

Dividends

Payments made by a corporation to its shareholder members from its profits or reserves.

Debentures

A type of debt instrument that is not secured by physical assets or collateral but backed solely by the general creditworthiness and reputation of the issuer.

Indentures

Formal legal agreements, contracts, or documents, especially those that bind someone to work for another for a specified time, often used in the context of bonds or loans.

Corporate Stock Regulation

Rules and guidelines set by authorities governing the issuance, transfer, and trading of shares of a corporation.