Likely Disadvantages of Person-Based Pay Plans Compared to Job-Based Include

question 71

Multiple Choice

Likely disadvantages of person-based pay plans compared to job-based include all of the following except:

• A) higher labor costs.
• B) a less flexible workforce.
• C) higher training costs.
• D) a smaller workforce.

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Definitions:

Linearly Related

Describes a relationship between two variables where a change in one variable causes a proportional change in another variable.

Correlation Coefficient

A numerical measure that indicates the extent of a statistical relationship between two variables, ranging from -1 to 1.

Box Plots

A graphical representation of the distribution of data based on a five-number summary: minimum, first quartile, median, third quartile, and maximum.

Outliers

Outliers are data points that differ significantly from other observations, potentially indicating a measurement variation or error.