At Their Core, Companies Are____________ Systems That Combine Inputs Such

question 87

Multiple Choice

At their core, companies are____________ systems that combine inputs such as labor, raw materials, capital, and knowledge to produce finished products and other types of output.

• A) organizational
• B) production
• C) social
• D) predictable
• E) socio-cultural

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Definitions:

Pay Equity

The principle or practice of ensuring that employees are compensated equally for work of equal value, regardless of gender, race, or other potentially discriminatory factors.

Compensation Management

The system of designing and implementing strategies to pay employees fairly and competitively.

Job Analysis Information

Data gathered about a job's tasks, responsibilities, necessary skills, outcomes, and work environment, used for creating job descriptions and specifications.

Wage And Salary Benchmark

The process of comparing an organization's wage and salary levels to those of other organizations in the same industry to ensure competitiveness and fairness.