MATCHING KEY TERMS AND DEFINITIONS

question 18

Multiple Choice

MATCHING KEY TERMS AND DEFINITIONS
-Passed in 1938, this act established laws outlining minimum wage, overtime pay, and maximum hour requirement for most U.S.workers.

• A)Team-based compensation
• B)Extrinsic rewards
• C)Compensation administration
• D)Ordering method
• E)Fair Labor Standards Act
• F)Performance-based rewards
• G)Wage structure
• H)Differential
• I)Organization-wide incentive
• J)Classification method
• K)Equal Pay Act
• L)Merit pay
• M)Golden parachute
• N)Compensation surveys
• O)Exempt

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Definitions:

Vending Machines

Automated machines that dispense products or services when money is inserted.

Marketing Concern

An issue or area needing attention within the realm of marketing, such as consumer satisfaction, product visibility, or market competition.

Equipment-based Services

Services that require the use of specialized equipment or machinery to fulfill customer needs.

Intangibility

The characteristic of a service or good that cannot be physically touched or seen.