In Regard to Job-Based Pay Systems, a Key Advantage for Organizations

question 12

Multiple Choice

In regard to job-based pay systems, a key advantage for organizations is:

• A) the organization can determine what other companies are paying, and can assess whether they are paying more or less than their competition.
• B) the team members are typically paid only for the skills that they have and are willing to use.
• C) this system promotes skill flexibility in employees, thereby increasing the number of things one employee can do.
• D) this system encourages decentralized control of an organization's pay system.

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Definitions:

Eastman Kodak Co.

A renowned multinational corporation known for its extensive contributions to photography and imaging technology.

Monopoly Power

The ability of a single seller to control the market for a good or service, enabling them to determine the price and conditions of sale.

Sherman Act

A foundational United States antitrust law aimed at regulating competition among enterprises.

Clayton Act

A U.S. antitrust law passed in 1914, aimed at promoting fair competition and preventing unfair business practices.