An Organization That Pays Two Workers Doing the Same Job

question 29

True/False

An organization that pays two workers doing the same job different wages because one has the ability to perform more tasks than the other is using a gain-sharing pay system.

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Definitions:

Brand Licensing

A legal agreement where a brand owner permits another party to use its brand, logo, or product names in exchange for a fee or royalty.

Trademark

A distinctive sign, design, or expression that identifies products or services of a particular source from those of others.

Royalty

Royalties are payments made to copyright or patent holders, or to the owners of other types of intellectual property, in exchange for the right to use their work over a period.

Contractual Agreement

A legally binding contract specifying agreements between parties that outlines the terms and conditions of their arrangement.