Which of the Following Is an Advantage of Merit Increases

question 79

Multiple Choice

Which of the following is an advantage of merit increases on a lump-sum basis?

• A) they do not contribute to escalating base salary levels
• B) they add a permanent sum to the base salary
• C) they are done in conjunction with promotions
• D) they reflect annual adjustments in base salary

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Definitions:

Alternatives

Different options or strategies that can be considered or chosen in decision-making processes.

Quantitative Terms

Conditions or parameters that can be measured and quantified, often used in contracts and agreements.

Profit Maximisation

An objective of management to achieve the highest possible profit from operations, usually by increasing revenue and/or reducing costs.

Employee Morale

The overall outlook, attitude, satisfaction, and confidence that employees feel at work, which can significantly impact productivity and retention.