Skill-Based Pay Plans

question 73

Multiple Choice

Skill-based pay plans:

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

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Definitions:

Mutually Exclusive

Two events that cannot happen at the same time in a given experiment or situation.

P(A|B)

The conditional probability of event A occurring given that event B has occurred.

P(A And B)

The probability that both event A and event B occur at the same time.

P(A|B)

The chance that event A will occur, assuming event B has occurred, indicative of a conditional probability.