Of the Following Pay Programs, the Weakest Link Between Employees

question 37

Multiple Choice

Of the following pay programs, the weakest link between employees' performance and their earnings is found in _____ plans.

• A)individual incentive
• B)merit pay
• C)profit-sharing
• D)group incentive
• E)skill-based

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Definitions:

Sigma Control Limits

Statistical boundaries set in process control that indicate whether a process is in a state of control or needs adjustment, based on the standard deviation (σ) of the process data.

Standard Deviation

A statistical measure that quantifies the dispersion or variability of a set of data points around the mean, indicating how spread out the data points are.

Specification Limits

Defined upper and lower bounds within which a product or process measurement should fall to meet quality standards.