Additional Case 10.1

question 23

Multiple Choice

Additional Case 10.1
Brighton Manufacturing is reviewing its compensation system. The CEO wants employees to be paid wages and benefits comparable to Brighton's competitors. He wants a system that allows for maximum flexibility in reassigning workers to different jobs without requiring compensation adjustments each time. The Finance VP suggests that the company link compensation costs more closely to productivity and profit. When profits are down, compensation costs should be reduced as well. The Finance VP also believes that employees should be paid for what they produce, not for their time, and the compensation program should apply to all employees equally. The VP of HR suggests that the key to the company's success is their employees and advocates an individual-based compensation plan. People should be paid for their skills or knowledge, not just because they are fulfilling certain jobs. The VP of HR also feels that it would be simpler to implement a compensation system by level rather than by job.
-Refer to Additional Case 10.1.The Finance VP would most likely favor a(n) :

• A) variable pay system.
• B) membership-based system.
• C) individual-centered system.
• D) egalitarian compensation system.

Evaluate the arguments for and against state-run lotteries as a source of government revenue.

Understand the principles and types of taxation.

Differentiate between progressive, regressive, and proportional taxes.

Identify the relationship between tax policies and their impact on different income groups.

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Definitions:

Progress

Forward or onward movement towards achieving specific goals, improvements, or developments.

Effective Negotiators

Individuals who can successfully navigate discussions to reach agreements that benefit their own interests as well as those of other parties.

Win-Win

A negotiation or outcome of a conflict where all parties involved receive beneficial or satisfying results, fostering cooperation and positive relationships.

Compromising

involves finding a middle ground or mutual concessions between conflicting parties or interests to reach a resolution or agreement.