New Pay Concepts Such as Skill or Knowledge-Based Pay Require

question 19

Multiple Choice

New pay concepts such as skill or knowledge-based pay require that human resource departments do all of the following EXCEPT:

• A)identify the tasks that have to be performed
• B)identify skills required to complete tasks
• C)price skills for pay rates
• D)ideally,provide incentives for continuous horizontal and vertical learning
• E)be prepared to significantly enlarge the workforce

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Definitions:

Open Offer

An invitation to all shareholders to purchase additional shares in the company, typically at a discount, and not limited to a specific number of shareholders.

Reasonable Intent

A legal standard assessing what a person of ordinary intelligence and prudence would intend under certain circumstances.

Blue Book Value

An estimated value of a vehicle, derived from a standard guide or reference, used largely in the used car market for valuation purposes.

Offeree

The person to whom an offer is made, who has the power to accept the offer, thus forming a binding contract.