Which of the Following Is True of a Job-Based Pay

question 9

Multiple Choice

Which of the following is true of a job-based pay structure?

• A)It seldom facilitates control by the manager but encourages employee initiatives.
• B)It allows the organization to take advantage of the skills of those closest to production.
• C)It facilitates change.
• D)It encourages bureaucracy.
• E)It rarely facilitates performance evaluation but encourages flexibility.

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Definitions:

Economy

The system by which goods and services are produced, distributed, and consumed within a particular country or area.

Inflation

Inflation is the rate at which the general level of prices for goods and services is rising, leading to a decrease in the purchasing power of money.

Labor Force Participation Rate

The percentage of the total working-age population that is active in the labor market, either employed or actively seeking employment.

Adults

Individuals who have reached a specific age or maturity level, generally considered to be the age at which they can assume legal rights and responsibilities.