Which of the Following Pay Strategies Is a Source of Competitive

question 12

Multiple Choice

Which of the following pay strategies is a source of competitive advantage?

• A)a pay strategy that specifies low base pay and high job security
• B)a pay strategy that overemphasizes on outstanding employee performance and commitment
• C)a pay strategy that ignores individual attitudes and preferences
• D)a pay strategy that adds value and is difficult for employers to imitate
• E)a pay strategy that emphasizes on work/life programs over cash compensation and giving only limited bonuses and no stock awards

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Definitions:

Deadweight Loss

The loss of economic efficiency that occurs when the equitable balance of supply and demand is not achieved due to market distortion.

Tax Increases

Governmental action to raise the amount of money collected from taxes, often affecting income, sales, or property taxes.

Deadweight Loss

An inefficiency in the market where the total surplus of producer and consumer is not maximized due to factors like taxes or subsidies.

Elastic Demand

A situation where the quantity demanded of a good or service significantly changes in response to a change in price.