In the Context of Team Compensation and Recognition,__________remunerate Employees for Acquiring

question 55

Multiple Choice

In the context of team compensation and recognition,__________remunerate employees for acquiring expertise that they will need to perform multiple jobs within a team and for sharing knowledge with others within their work groups.

• A) nonfinancial reward programs
• B) skill-based pay programs
• C) gainsharing programs
• D) premium payment programs

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Definitions:

Procompetitive Legislation

Laws designed to encourage competition among businesses, preventing monopolies and promoting fair market practices.

Sherman Antitrust Act

A foundational United States legislation enacted in 1890 to prevent anti-competitive practices, monopolies, and to promote fair competition for the benefit of consumers.

Institutionalization

The process of embedding certain practices, norms, and behaviors within an organization or society, making them established and accepted.

Voluntary Practices

Actions or policies adopted by individuals or organizations out of choice rather than due to legal requirements, often reflecting ethical or sustainability standards.