Which of the Following Is True About the Compensation Strategies

question 33

Multiple Choice

Which of the following is true about the compensation strategies for scientists and engineers?

• A)Organizations generally do not provide perks to scientists and engineers, such as flexible work schedules, large offices, and lavish athletic facilities.
• B)Scientists and engineers generally advance their careers along the scientific track as they have few opportunities to pursue management responsibilities.
• C)Most scientists and engineers are not entitled to performance-based incentives such as profit sharing and stock ownership incentives.
• D)The knowledge and skills of engineers and scientists never become obsolete and hence their salaries continue to rise during the course of their careers.
• E)Due to the volatile nature of jobs and salaries in these occupations, organizations rely heavily on external market data in determining the base pay for scientists and engineers.

Analyze scenarios to determine which country has a comparative or absolute advantage in the production of specific goods.

Apply the theory of comparative advantage to solve problems related to international trade.

Understand and calculate terms of trade and its significance in international trade agreements.

Distinguish between the roles of comparative advantage and absolute advantage in international specialization and trade.

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Definitions:

Order Processing

The sequence of steps taken by a company to fulfill a customer's order, from receipt through delivery.

Creative Selling

This approach involves innovative and unique methods to sell products or services, often enhancing customer interest and sales.

Persuasive

The ability to convince others to adopt a particular viewpoint or to take action through argument or appeal.

Promotional Presentation

A marketing strategy involving a public display or demonstration to introduce or promote a product or service.