One Strength of a Variable-Pay Program Is That It

question 15

Multiple Choice

One strength of a variable-pay program is that it

• A)encourages individuals to work together effectively.
• B)increases the skill levels of employees.
• C)motivates task performance.
• D)can reduce the number of employees needed.
• E)can cause unhealthy competition among employees.

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Definitions:

Economic Efficiency

The optimal allocation of resources where goods and services are produced at their lowest possible cost and where those goods and services align with consumers' preferences.

Government Intervention

Actions taken by a government to influence or directly regulate the economy, often to correct market failures and promote economic stability.

Chemical Hazard Control

The methods and practices involved in reducing or eliminating exposure to harmful chemical substances in the environment or workplaces.

Government Intervention

The involvement by the government in the economy, with actions that can include regulations, subsidies, tariffs, and direct provision of goods and services.