Which of the Following Pay Structures Would a Company Adopt

question 60

Multiple Choice

Which of the following pay structures would a company adopt, if it wants to adopt a pay structure that rewards employees based on their knowledge and competency?

• A)Delayering approach
• B)Skill-based pay approach
• C)Pay grade approach
• D)Market survey data approach
• E)Pay policy line approach

Understand the core principles of lean manufacturing.

Recognize the distinction between lean manufacturing and traditional manufacturing philosophies.

Identify the types of waste targeted by lean manufacturing.

Comprehend the importance of a pull manufacturing system over a push system.

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Definitions:

Managing Partner

A member of a partnership who has the authority and responsibility for the management and operation of the business.

Articles Of Organization

The document filed with a state authority to legally establish a limited liability company (LLC).

Business Run

An operation or series of operations involving the production, distribution, and sale of goods or services by a business.

Partnership Business

A form of business operation where two or more individuals share ownership, profits, and liabilities.