Which of the Following Is True About Skill-Based Pay Plans

question 102

Multiple Choice

Which of the following is true about skill-based pay plans?

• A)They discourage employees from learning new jobs.
• B)They create a psychological distance between employees and managers.
• C)They discourage poor performers from leaving the organization.
• D)They can be expensive because they motivate employees to spend more time learning new jobs.
• E)They motivate employees to compete for promotions.

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Definitions:

Market Price

The current price at which a good or service can be bought or sold in a marketplace, determined by supply and demand dynamics.

The Population Bomb

A term popularized by a 1968 book predicting widespread famine and disaster as a result of overpopulation.

Resource Prices

The costs associated with acquiring the inputs needed for production, including materials, labor, and capital.

Widespread Famine

A severe shortage of food across a large geographic area, leading to widespread hunger and malnutrition.