Which of the Following Is True of Skill-Based Pay

question 84

Multiple Choice

Which of the following is true of skill-based pay?

• A)It rarely provides the opportunity for leaner staffing levels.
• B)It helps in making alternative arrangements for employee turnover.
• C)It reduces worker flexibility.
• D)It leads to a shortage of multiskilled employees.
• E)It gives rise to centralization of decision-making.

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Definitions:

Decision Making

The cognitive process of selecting a course of action from among multiple alternatives.

Macroeconomics

The part of economics concerned with the performance and behavior of the economy as a whole. Focuses on economic growth, the business cycle, interest rates, inflation, and the behavior of major economic aggregates such as the household, business, and government sectors.

Entire Economy

The entire economy refers to the sum total of all economic activities and interactions within a country or region.

Scientific Method

The procedure for the systematic pursuit of knowledge involving the observation of facts and the formulation and testing of hypotheses to obtain theories, principles, and laws.