Objectives for a Pay Plan

question 118

Multiple Choice

Objectives for a pay plan

• A)are not needed in a performance-based plan.
• B)must be stated for a performance-based plan to work.
• C)are essential for a periodic compensation plan to be successful.
• D)are unnecessary for a merit pay plan.

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Definitions:

Color Code

A system for displaying information by using different colors for easy recognition and classification.

Electrode

A conductor through which electricity enters or leaves an object, substance, or region in electrical systems or devices.

ECG

An abbreviation for Electrocardiogram, a medical test that measures the electrical activity of the heart to assess its health and detect any abnormalities.

Color Code

A system of identification that uses different colors to represent specific information, often used in settings like hospitals to quickly convey medical alerts or in industries for safety.