The Plan Which Bases Compensation on the Skills or Knowledge

question 32

Multiple Choice

The plan which bases compensation on the skills or knowledge an employee possesses and is valued by the employer is called the:

• A) ​Scanlon plan.
• B) ​Improshare plan.
• C) ​Skill-base pay plan.
• D) ​Rucker plan.
• E) ​Production plan.

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Definitions:

Economically Advantaged

Individuals or groups with greater financial resources, wealth, or access to economic opportunities compared to others.

Adoptive Parents

Individuals or couples who legally assume the responsibility of parenting a child not biologically their own.

Abortion Policies

Guidelines or regulations governing the conditions under which abortion is permitted or restricted within a legal or institutional framework.

Industrialized Countries

Nations with significant levels of industrialization, including advanced technological infrastructure and high levels of income and standard of living.