New Pay Concepts Such as Skill or Knowledge-Based Pay Require

question 99

Multiple Choice

New pay concepts such as skill or knowledge-based pay require that human resource departments do all of the following except

• A)identify the tasks that have to be performed
• B)identify skills required to complete tasks
• C)price skills for pay rates
• D)ideally,provide incentives for continuous horizontal and vertical learning
• E)be prepared to significantly enlarge the workforce

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Definitions:

Cost of Goods Sold

The specific costs incurred in the production of a company's sold merchandise.

Gross Margin Ratio

A measure of a company's financial health, calculated as gross profit divided by net sales, showing the percentage of sales revenue that exceeds the cost of goods sold.

Perpetual Inventory System

An inventory management method that records the sale or purchase of inventory immediately through electronic tracking.

Gross Method

An accounting approach for recording purchases at the gross invoice amount before any trade discounts are taken.