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In an Attempt to Motivate Its Current Employees and to Attract

question 70

Multiple Choice

In an attempt to motivate its current employees and to attract skilled professionals,Labyrinth Inc.decides to increase salaries as well as year-end bonuses to its best performers.Which of the following HR functions is demonstrated in this scenario?


Definitions:

Marginal Cost

The increment in total spending due to the manufacture of one more unit of a product or service.

Fixed Cost

Fixed Cost is a business expense that does not change with the level of goods or services produced within a certain period.

Variable Costs

Variable costs fluctuate with the level of output, increasing as production rises and decreasing as production falls.

Lawn-mowing

The process of cutting the grass in a yard or garden to maintain its appearance and health, often using a manual or motorized lawnmower.

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