During the First Year of the National Recovery Administration

question 71

Multiple Choice

During the first year of the National Recovery Administration,

• A) both of these occurred: industry saw prices decline, and industrial production rose.
• B) industrial production rose.
• C) All these answers are correct.
• D) large producers consistently dominated the code-writing process.
• E) industry saw prices decline.

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Definitions:

Skill-Based Pay

A compensation system where employees are paid based on the skills, knowledge, and abilities they possess rather than their job title or position.

Performance-Based Pay

A compensation system where an employee's pay is directly linked to their performance or achievements, incentivizing efficiency and productivity.

Job Content-Based Pay

A compensation strategy where wages are determined by the nature, complexity, and responsibility level of the work performed, rather than by the individual characteristics of the employee.

Extrinsic Rewards

Benefits given to an individual, such as pay, bonuses, or other incentives, which come from an external source rather than the satisfaction from the task itself.