Some Job Training Programs Provide "Soft Skill" and "Hard Skill

question 15

Multiple Choice

Some job training programs provide "soft skill" and "hard skill" training which include all of the following except

• A)developing manners
• B)developing personal habits like friendliness in order to relate to co-workers,bosses,and the public
• C)specific teachable abilities associated with a particular job
• D)learning how to move into management positions by doing more work without more pay

Understand the principles and legislation behind the Employee Retirement Income Security Act (ERISA) of 1974.

Comprehend the various compensation strategies including pay-for-knowledge, stock-option plans, and open pay systems and their impact on organizational behavior.

Recognize different job evaluation methods and their application in setting compensations.

Identify the types of benefits such as perquisites, life-cycle benefits, and employee assistance plans, and their significance in employee compensation.

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Definitions:

Target Cash Balance

The ideal amount of cash that a company aims to hold to meet operational and transaction needs while minimizing holding costs.

Miller-Orr Model

A model used in financial management to determine the optimal level for cash balances under uncertainty.

Uncertainty

The lack of predictability or certainty about outcomes, often considered in the context of investment or economic forecasts.

Cash Flows

Incoming and outgoing cash movements in a business or project, crucial for understanding its liquidity and operational efficiency.