Human Resource Managers at Tri Max, Inc

question 74

Multiple Choice

Human resource managers at Tri Max, Inc., want to encourage teamwork and are looking for a better way to compensate members of teams. One approach they are considering is a skill-based system. Which of the following statements about this type of pay system is most accurate?

• A) Skill-based systems are unlikely to work with teams because they are designed to encourage individual initiative rather than teamwork.
• B) A skill-based system is a very effective way to pay teams because this approach makes it easy to correlate skill acquisition with the bottom-line gains of the company.
• C) A skill-based pay system works well in many cases, but employees tend to resist this approach since it affects only bonuses, which are not guaranteed, rather than base pay.
• D) Team members have base salaries, but they are additionally compensated according to the number of new skills they acquire as a team.

Comprehend the principles governing the formation and breach of contracts, including the consequences of repudiation and tender.

Grasp the specifics of the United Nations Convention for the International Sale of Goods (CISG) on contract performance, breach, and remedies.

Understand the role and function of letters of credit in international trade transactions.

Identify the legal requirements and consequences of accepting nonconforming goods under sales law.

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Definitions:

Social

Relating to society or its organization.

Maslow Hierarchy

A theory of human motivation that ranks human needs in a pyramid structure, from basic physiological needs at the bottom to self-actualization at the top.

Self-actualization

The realization or fulfillment of one's talents and potentialities, considered as a drive or need present in everyone.

Physiological

Relating to the branch of biology that deals with the normal functions of living organisms and their parts.