All of the Following Are Elements of an Effective Employee

question 130

Multiple Choice

All of the following are elements of an effective employee reward system except

• A) enabling employees to satisfy basic needs.
• B) providing competitive rewards.
• C) distributing rewards fairly in the organisation.
• D) recognising that different people have different needs.
• E) maximising the amount of money spent on employee compensation.

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Definitions:

Soft-Drink

A non-alcoholic beverage that is usually carbonated and flavored, such as sodas and colas.

Differentiated Products

Goods or services that are distinguished from similar products by unique characteristics, branding, or quality, leading to reduced price competition.

Easy Entry And Exit

Describes a market condition where firms can freely enter or exit the market without facing significant barriers.

Monopolistically Competitive

A market structure where many companies sell products that are similar but not identical, allowing for some degree of market power and product differentiation.