Which of the Following Factors Has the LEAST Effect on the Design

question 110

Multiple Choice

Which of the following factors has the LEAST effect on the design of an organization's pay plan?

• A)legal
• B)union
• C)company vision
• D)company policy

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Definitions:

Production

The process of creating goods or services by combining various inputs like labor, materials, and technology.

Hyperinflation

An extremely high rate of inflation, usually defined as an inflation rate in excess of 50 percent per month.

Nationalization

The process by which a government takes control of a private industry, business, or assets and converts it into state ownership and operation.

Government Price Controls

Measures implemented by a government to regulate the price levels of commodities and services with the aim to maintain affordability, prevent inflation, or ensure a minimum income for producers.