_____ Means That the Employee Is Paid a Given Amount

question 96

Multiple Choice

_____ means that the employee is paid a given amount regardless of the number of hours worked or quality of the work.

• A) Pay level
• B) Nonexemption
• C) Pay policy line
• D) Piecework rate
• E) Salary basis

Understand the scope of responsibilities of a human resources department.

Recognize the importance of department managers being knowledgeable about HR practices including compensation, benefits, and EAPs.

Understand the concept and purposes of Employee Assistance Programs (EAPs) and why they are beneficial.

Comprehend the reasons behind the outsourcing of HR functions or activities.

---

Definitions:

Externalities

Economic side effects or consequences that affect uninvolved third parties; can be either positive or negative.

Externality

Actions of one party impose costs or benefits on a second party.

Economy of Scale

The cost advantages that enterprises obtain due to their scale of operation, typically resulting in decreased per-unit cost as production increases.

Public Good

A good that is non-excludable and non-rivalrous, meaning it can be used by everyone and one person's use doesn't reduce its availability to others.