Employees Oppose the Implementation of Performance-Based Pay Plans Especially If

question 62

Multiple Choice

Employees oppose the implementation of performance-based pay plans especially if:

• A) such change generally precede mergers
• B) a change in pay plans typically indicates a change in job descriptions
• C) such plans typically reward only a small percentage of the work force
• D) pay practices put earnings at risk.
• E) employees are not concerned about the financial future of their employers

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Definitions:

Tariff

A tax imposed on imported goods and services to regulate trade, increase government revenue, or protect domestic industries.

Consumer Surplus

The variance between the sum consumers are inclined and can afford to pay for a good or service and the sum they genuinely pay.

Producer Surplus

Producer surplus is the difference between what producers are willing to sell a good for and the actual price they receive.

Total Surplus

The sum of consumer surplus and producer surplus in a market, representing the total benefits to society from the trading of goods or services.