In a Skill-Based Pay System

question 37

Multiple Choice

In a skill-based pay system,

• A) pay ranges are variable, depending on the type of job and pay grade width
• B) pay administration is contingent upon the complexity of job evaluation and the pay allocation plan
• C) pay is tied to personal competency levels
• D) training is necessitated by need rather than employee desire for training
• E) all of the above are true

---

Definitions:

Second Purchase

The act of buying something for the second time, often used in customer behavior analysis.

Voting Shares

Shares that grant the shareholder the right to vote on matters of corporate policy and the election of the board of directors.

Equity Method

An accounting technique used when a company holds a significant influence over another (associate) company, usually through ownership of 20% to 50% of the voting stock, involving adjusting the value of the investment based on the investee's performance.

Acquisition Differential

The difference between the purchase price of an acquired company and the fair value of its net identifiable assets.