Which of the Following Best Describes a Reward System That

question 10

Multiple Choice

Which of the following best describes a reward system that involves employees in its design and administration?

• A) Open pay system
• B) Bonus system
• C) Participative pay system
• D) Merit pay plan
• E) Flexible reward system

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Definitions:

Strategically

Refers to actions taken by a business or individual that are planned to achieve a specific long-term goal or advantage.

Spinoff

A method of divesting a business unit by setting it up as a separate company and giving its shares to stockholders in proportion to their holdings of the original firm. After the spinoff stockholders can trade the two stocks separately.

Bankruptcy Proceedings

Legal process initiated by an insolvent individual or company to receive relief from debt by reorganizing or liquidating assets.

Creditors

Entities or individuals that a company owes money to due to the provision of goods, services, or loans.