Many Organizations,including the Military,base Their Compensation Plans on ________

question 20

Multiple Choice

Many organizations,including the military,base their compensation plans on ________.

• A) job pricing
• B) single pay rate
• C) pay grades
• D) broadbanding

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Definitions:

Implicit Costs

The opportunity costs of utilizing resources owned by the firm that could have been employed for other purposes.

Explicit Costs

Direct, out-of-pocket payments for resources employed in the production of goods or services, easily identified and measured.

Capital Intensive

A description of industries or businesses that require large amounts of capital investment compared to labor.

Alternative Technologies

Various methods or means of producing goods or services that differ from current practices, often to improve efficiency or sustainability.