Evaluative Standards That Can Be Used as Yardsticks for Measuring

question 63

Multiple Choice

Evaluative standards that can be used as yardsticks for measuring an employee's success of failure are generally known as:

• A)predictors.
• B)criteria.
• C)OCBs.
• D)CWBs.

Understand different types of compensation and incentive plans including profit-sharing, gainsharing, and piecework systems.

Recognize the approaches organizations take to maintain salary confidentiality while motivating employees.

Distinguish between various payment methods used across diverse occupations, including commission and bonuses.

Comprehend the principles behind effective financial incentive plans and their impact on employee motivation.

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Definitions:

Type I Error

The flawed dismissal of an actual null hypothesis, popularly identified as a "false positive."

Power Of The Test

The probability that a statistical test will correctly reject a false null hypothesis, essentially measuring the test's ability to detect an effect if there is one.

Type I Error

Mistakenly disproving a true null hypothesis, frequently termed as a "false positive."

Null Hypothesis

The null hypothesis is a default statement that there is no effect or no difference, and it serves as the starting point for statistical hypothesis testing.