The Objectives of the Compenstaion Program Should Be To

question 103

Multiple Choice

The objectives of the compenstaion program should be to:

• A) Eliminate pay inequities.
• B) Maintain attractive pay rates.
• C) Reward employees for outstanding performance.
• D) All of these answers.

---

Definitions:

Price Effect

The impact that a change in the price of a good or service has on consumers' demand for that good or service.

Output

The quantity of goods or services produced in a given time period.

Cartels

Formal agreements among competing firms in the same industry aimed at controlling production, fixing prices, and restricting competition.

Production

The procedure involved in producing goods and services.