A Corporate Pay Policy Comparable to a Fixed Ratio Schedule

question 163

Multiple Choice

A corporate pay policy comparable to a fixed ratio schedule of reinforcement is

• A)paying employees a fixed salary.
• B)payment of employees on a piece-work basis.
• C)salary adjustments based on the quality of work performed.
• D)paying employees at the end of each day.

---

Definitions:

Insurance Contract

A legally binding agreement between an insurer and an insured, in which the insurer agrees to compensate for specific losses in exchange for a premium.

Breach of Contract

occurs when a party fails to fulfill their obligations under a contract, either by not performing as promised, by interfering with another party's performance, or by repudiating the contract altogether.

Incontestability Clause

A provision in insurance policies that prevents the insurer from disputing the policy's validity after it has been in force for a specific period, usually two years, except under certain circumstances.

Material Misrepresentation

A false statement of a substantial fact that induces someone to enter into a contract or transaction.