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Paula,the controller of Tasty Pizza,is purchasing several new delivery vehicles.Paula has numerous work responsibilities,so she has limited time to shop for cars.Because of the time constraints,she cannot make an extensive search for the best alternative but instead needs to look for cars until she finds one that is satisfactory.Paula is following the _____ model.
Skill-Based Pay
A compensation system where employees are paid based on the skills, knowledge, and abilities they possess rather than their job title or position.
Performance-Based Pay
A compensation system where an employee's pay is directly linked to their performance or achievements, incentivizing efficiency and productivity.
Job Content-Based Pay
A compensation strategy where wages are determined by the nature, complexity, and responsibility level of the work performed, rather than by the individual characteristics of the employee.
Extrinsic Rewards
Benefits given to an individual, such as pay, bonuses, or other incentives, which come from an external source rather than the satisfaction from the task itself.
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