Which of the Following Is True About Skill-Based Pay

question 79

Multiple Choice

Which of the following is true about skill-based pay?

• A) It provides a way to ensure that employees can use their new skills.
• B) Gathering market data about skill-based pay is easy.
• C) It ensures that the employer pays the employee for learning skills that benefit the employer.
• D) Skill-based pay does not necessarily provide an alternative to the bureaucracy and paperwork of traditional pay structures.
• E) Skill-based pay does not require records related to skills, training, and knowledge acquired.

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Definitions:

Paid-in Capital

The amount of money that a company receives from selling shares of stock directly to investors, not including any later earnings or profits.

Common Stock

A type of equity security that represents ownership in a corporation, with rights to dividends and voting in corporate matters.

Treasury Stock

Shares of a company's own stock that it has reacquired but not yet retired or resold.

Paid-in Capital

The amount of money that a company has received from shareholders in exchange for shares of stock, reflecting the investment in the business.