When an Organization's Performance Has Frequent Highs and Lows and Individual

question 28

Multiple Choice

When an organization's performance has frequent highs and lows and individual performance is fairly stable and performance measures are clear,the most effective compensation mix is to offer _____.

• A) base pay with low incentives and a variety of rewards
• B) monetary rewards with large incentives
• C) large base and low-incentive pay
• D) a wide range of rewards and significant incentives

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Definitions:

Cross-training

A strategy where employees are trained in multiple skills or job functions to increase versatility and flexibility within the workforce.

Improve Flexibility

Refers to the ability of a system or operation to adapt to changes or variations in conditions, demand, or the environment.

Total Production Streamlining

An approach aimed at enhancing manufacturing efficiency by systematically reducing waste and improving production processes.

Customer Demand

The quantity of a product or service that consumers are willing and able to purchase at various prices over a given period of time.