A Supporting Compensation Approach for an Innovator

question 46

Multiple Choice

A supporting compensation approach for an innovator:

• A)stresses delighting customers and bases employee pay on how well they do this.
• B)seldom stresses on innovations or risk taking.
• C)stresses doing more with less by minimizing costs and specifying in greater detail exactly how jobs should be performed.
• D)places less emphasis on evaluating skills and jobs and more emphasis on incentives designed to encourage innovations.
• E)focuses on system control and work specifications.

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Definitions:

Labor Standards

Regulations concerning the rights and welfare of workers, including minimum wage, working hours, safety, and health protections, and non-discrimination practices.

NAFTA

The North American Free Trade Agreement, a treaty between Canada, Mexico, and the United States that eliminated most tariffs and trade barriers between the countries, in effect from 1994 to 2020.

Labor Cooperation

The collaboration between workers, unions, and sometimes employers to achieve common goals, such as improving working conditions or productivity.

Social Dumping

The practice of companies moving production to countries with lower labor standards or costs, often leading to job loss and reduced labor conditions in the originating country.