Bill Runs a Small Business and Is in the Process

question 16

Multiple Choice

Bill runs a small business and is in the process of revising out his company's compensation plan.After researching the market and determining the salary range,Bill starts to plan how much of an increase in pay he can offer each employee subsequently.In the context of increasing pay,which of the following is the most appropriate course for Bill to follow?

• A) Bill should determine this based on an employee's performance,value,and contribution to the small business.
• B) Bill should check salary surveys and want ads.
• C) Bill should pay the amount needed for a person or family of a particular size to meet the basic necessities of life as an increase.
• D) Bill should take no more than 3 percent of the annual personnel budget and allocate it to pay increment.

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Definitions:

Conservation

Refers to the cognitive understanding that certain properties of objects, such as volume or mass, remain unchanged even when their forms or appearances change.

Object Permanence

The concept that entities remain present even when they are not observable, audible, or detectable by any sensory means.

Paired-Associates Learning

A learning process where items to be learned are presented in pairs so that when one item of a pair is presented, the other is recalled.

Object Permanence

The understanding that objects continue to exist even when they cannot be seen, heard, or otherwise sensed, a concept crucial in cognitive development in infancy.