A Drawback of Pay Rates Is That They

question 95

Multiple Choice

A drawback of pay rates is that they:

• A) increase the administrative burden of managing the compensation system.
• B) result in decreased promotional opportunities for employees.
• C) result in some jobs being underpaid and others being overpaid.
• D) increase the costs of surveying the market.
• E) grouping jobs will result in rates of pay for individual jobs that precisely match the levels specified by the market.

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Definitions:

Depreciation Of The Dollar

A decrease in the value of the U.S. dollar relative to other currencies in the global market.

American Imports

American Imports are goods and services bought by residents of the United States from other countries.

Exchange Rate

The value of one currency for the purpose of conversion to another, which determines how much of one currency can be exchanged for another currency.

Swiss Army Knife

A versatile multi-tool pocketknife originally produced in Switzerland, known for its multiple functions beyond just a knife.