Which of the Following Is Not a Consequence of Level

question 4

Multiple Choice

Which of the following is not a consequence of level of competitiveness of total compensation?

• A) Increase probability of union-free status
• B) Increase organization profitability
• C) Reduce voluntary turnover
• D) Reduce pay-related work stoppages

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Definitions:

Import Substitution

An economic strategy aimed at reducing dependency on imported goods by encouraging the development of local industries.

Local Industries

Businesses and manufacturing operations that are based within a specific geographic area and often cater to the economic needs of the local population.

Market Development

The expansion of a market through the identification and penetration of new market segments or geographic areas.

Microfinance

A type of financial service provided to unemployed or low-income individuals or groups who otherwise lack access to traditional banking services.