Statements About "What Ought to Be" Are Called

question 165

Multiple Choice

Statements about "what ought to be" are called

• A)positive statements.
• B)normative statements.
• C)economic statements.
• D)scientific statements.
• E)hypotheses.

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Definitions:

Internal Equity

The principle of ensuring that employees who perform similar jobs or have comparable skills and responsibilities within an organization are paid equitably.

Competency-Based Pay

A compensation system that rewards employees based on their skills, knowledge, and performance rather than their job title or position.

Skilled-Based Pay

A compensation strategy where employees are paid based on their skills, certifications, or knowledge, rather than their job title or position.

Incentive Pay

A form of compensation designed to reward employees for achieving performance targets or completing specific objectives.