_____ Is the Set of Processes and Systems Used by Organizations

question 94

Short Answer

_____ is the set of processes and systems used by organizations to convert resources into products or services.

---

Definitions:

Skill-Based Pay

A compensation system where employees are paid based on their skills, competencies, or acquired certifications, rather than their job title or position.

Flexible Benefits

An employee benefits plan that allows workers to choose from a variety of pre-tax benefits to create a package tailored to their personal needs and preferences.

Monetary Based

Relating to, involving, or existing in the form of money.

Merit Pay

A compensation strategy that involves giving pay increases or bonuses to employees based on their performance achievements.