Which of the Following Is Not Characteristic of Time-Based Compensation

question 105

Multiple Choice

Which of the following is not characteristic of time-based compensation plans?

• A)stable labor costs
• B)easier to administer than output-based plans
• C)stable pay for workers
• D)simpler wage computations than output-based plans
• E)lower cost per unit than output-based plans

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Definitions:

Desired Outcomes

The specific results or consequences that an individual or group aims to achieve through their actions or decisions.

Representativeness Heuristic

A mental shortcut that involves judging the probability or frequency of an event by how much the event resembles the typical case.

Statistical Reasoning

The process of using statistical techniques and methods to analyze data and make conclusions based on data analysis.

Deliberate System

A cognitive process characterized by the slow, logical, and conscious evaluation of information, contrasting with automatic, quick, and unconscious processing.