All of the Following Are Elements of an Effective Employee

question 173

Multiple Choice

All of the following are elements of an effective employee reward system except

• A) enabling employees to satisfy basic needs.
• B) providing competitive rewards.
• C) distributing rewards fairly in the organization.
• D) recognizing that different people have different needs.
• E) maximizing the amount of money spent on employee compensation.

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Definitions:

Price Discrimination

A pricing strategy where a seller charges different prices for the same product or service to different customers, based on the willingness to pay.

Antitrust Laws

Regulations established to prevent monopolies and promote competition among businesses.

Treatment

Medical or psychological care given to patients for illnesses or conditions.

Social Regulation

Social regulation involves government actions aimed at improving health, safety, and the environment, often impacting how businesses operate.