In Which of the Following Variable-Pay Programs Is the Pay

question 82

Multiple Choice

In which of the following variable-pay programs is the pay level based on how many skills employees have or how many jobs they can do?

• A)bonuses
• B)piece-rate pay
• C)skill-based pay
• D)gainsharing
• E)merit-based pay

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Definitions:

Systems Theory

An interdisciplinary theory that studies complex systems in various fields and seeks to understand their behavior, interrelations, and properties.

Multinational Approach

A strategy used by businesses that operate in multiple countries, adapting operations, products, and marketing strategies to local conditions and cultures.

Universal Process Approach

A theory in management that assumes all organizations, regardless of their specific nature, follow the same fundamental principles.

Systems Approach

A way of analysis that studies the entity as an integrated and interacting system of components or variables to address complexities.