Which of the Following Pay Systems Would an Organization Wishing

question 26

Multiple Choice

Which of the following pay systems would an organization wishing to establish greater job-staffing flexibility most likely use?

• A) straight pay
• B) competence-based pay
• C) incentive pay
• D) two-tier pay

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Definitions:

Dividends

Shareholders' receipts of payments from a corporation, generally tied to the distribution of earnings.

Incorporated

A legal process used to form a corporate entity or company, recognized separately from its owners with its own legal rights.

Capital Account

An account on a country's balance of payments that records all transactions involving the purchase or sale of assets.

Board Of Directors

A group of individuals elected to represent shareholders and oversee the major decisions and policies of a company.