An Expenditure on Education and Training That Improves the Skills

question 110

Multiple Choice

An expenditure on education and training that improves the skills and therefore the productivity of workers is:

• A) an efficiency wage.
• B) a compensating difference.
• C) a pay-for-performance plan.
• D) an investment in human capital.

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Definitions:

Strategic Performance Measurement System

A framework that integrates financial and non-financial performance indicators to assess an organization's effectiveness in achieving its strategic objectives.

Balanced Scorecard

A management and planning system designed to align a company's operations with its vision and strategic objectives, enhance communication both internally and externally, and track the performance of the organization in relation to its strategic targets.

Lean Management System

An approach focused on reducing waste and improving process efficiency to deliver value to customers.

Performance Metrics

Quantitative and qualitative measurements used to gauge an organization's, employee's, system's, or component's performance.