In _____, Pay Increases Are Awarded to an Employee in Proportion

question 106

Multiple Choice

In _____, pay increases are awarded to an employee in proportion to his/her performance contributions.

• A) merit pay systems
• B) seniority pay systems
• C) employee stock ownership plans
• D) profit-sharing plans
• E) early retirement incentive programs

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Definitions:

Price Elasticity

An index representing how the demand or supply of an item responds to price fluctuations.

Time Consumers

Activities or processes that require a significant amount of an individual's or organization's time.

Tax Revenue

The income that is gained by governments through taxation.

Demand Elastic

The responsiveness of demand for a good or service to changes in its price, income levels, or substitute and complementary products' prices.