Which of the Following Is an Advantage of Skill-Based Pay

question 40

Multiple Choice

Which of the following is an advantage of skill-based pay plans?

• A)They guarantee a low rate of employee turnover.
• B)They aid in deploying workers in a way that better matches the work flow.
• C)They are less expensive than job-based plans.
• D)They are viewed more favorably by courts than any other type of pay plans.

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Definitions:

Financial Investment

The allocation of resources into financial assets, such as stocks, bonds, or real estate, with the expectation of receiving future returns.

Purchases of Services

Transactions where buyers acquire services rather than tangible goods from sellers.

Net Exports Component

The difference between a country's total exports of goods and services and its total imports, part of the gross domestic product calculation.

Consumption Component

The part of total economic output that is used by individuals and households for personal needs and wants.