Which of the Following Is an Objective of Variable Pay

question 19

Multiple Choice

Which of the following is an objective of variable pay?

• A) To help retain long service employees.
• B) To reinforce desirable behaviour.
• C) To eensure that performance appraisals will be taken seriously.
• D) To act as a replacement for base pay.

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Definitions:

Critical Mass

The minimum amount of something required to start or maintain a venture, often referring to the necessary volume of customers, resources, or support to make a project viable.

Revenues

The total income generated by a company from its business activities, before any expenses are subtracted.

Timmons Model

A model of entrepreneurship that emphasizes the importance of the opportunity, team, and resources, and suggests that these elements are critical to the success of any venture.

Driving Forces

Factors or influences that contribute to the momentum and direction of change in an organization or system.