Which Statement Best Describes the Difference Between Pay for Knowledge

question 7

Multiple Choice

Which statement best describes the difference between pay for knowledge systems (PKS) and job-based pay systems?

• A) Pay for knowledge systems involve basing pay on the capabilities of individuals,and job-based pay is based on the characteristics of the job.
• B) Pay for knowledge systems are applied to managerial employees,and job-based pay is applied to operational-level employees.
• C) Pay for knowledge systems are more widely used by Canadian firms than job-based pay systems,
• D) Pay for knowledge systems involve low training costs and are easier to administer than job-based pay systems,

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Definitions:

Hierarchical

Related to a system or organization in which people or groups are ranked one above the other according to status or authority.

Disney's Culture

The unique set of values, traditions, behaviors, and stories that make up the corporate ethos of The Walt Disney Company, often emphasizing creativity, storytelling, and customer experience.

Storytelling

the art of conveying events, messages, or narratives through the effective use of words, images, sounds, or actions to engage and influence an audience.

Community

A group of people living in the same area or having a particular characteristic in common, or a feeling of fellowship with others due to sharing common attitudes, interests, and goals.