A Potential Disadvantage of Skill-Based Pay Is That Labor Costs

question 27

True/False

A potential disadvantage of skill-based pay is that labor costs can be a source of competitive disadvantage.

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Definitions:

Linear Relationship

A type of relation between two variables where the change in one variable is directly proportional to the change in another variable.

Cross-Classification Table

A table that displays the frequency distribution of variables to show how they are distributed across each other.

Nominal Variables

Categories without a natural order or rank, such as gender, race, or religion, used for labeling variables.

Interval Variables

Variables measured along a scale in which the intervals between values are interpretable, but without a true zero point.