In a Competency-Based Pay System Employees Are Paid

question 20

Multiple Choice

In a competency-based pay system employees are paid

• A) on the skills and knowledge they have, whether they use these or not.
• B) according to their job performance, measured either by quality or quantity.
• C) on the basis of their scores on annual competency tests.
• D) on whether they have added value to the organization in the last year.

Understand how various factors affect demand and supply in the market.

Analyze the impact of changes in demand and supply on market equilibrium.

Identify the concepts of consumer and producer surplus.

Apply the law of demand in different market scenarios.

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Definitions:

Treasury Bills

Short-term government securities with maturities of one year or less, sold at a discount from their face value.

Weak Form Efficient

A form of market efficiency that asserts all past prices of a stock are reflected in its current price, hence technical analysis cannot predict future movements.

Insider Information

Confidential information about a company that has not been made public and is used by someone to gain an advantage in the stock market.

Historical Price Patterns

The analysis of past price movements to forecast future price behavior in financial markets.