MATCHING KEY TERMS AND DEFINITIONS

question 3

Multiple Choice

MATCHING KEY TERMS AND DEFINITIONS
-Passed in 1963, this act mandates that organizations compensate men and women doing the same job in the organization with the same rate of pay.

• A)Team-based compensation
• B)Extrinsic rewards
• C)Compensation administration
• D)Ordering method
• E)Fair Labor Standards Act
• F)Performance-based rewards
• G)Wage structure
• H)Differential
• I)Organization-wide incentive
• J)Classification method
• K)Equal Pay Act
• L)Merit pay
• M)Golden parachute
• N)Compensation surveys
• O)Exempt

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Definitions:

Perceived Network

An individual's view or understanding of the social and professional connections they have, and how these networks are structured.

Faultline

Hypothetical dividing lines within a team or group that split members into subgroups based on one or more attributes.

Cross-functional Teams

Teams composed of members from different departments or areas of expertise within an organization, working together toward a common goal and fostering innovation through diverse perspectives.

Unique Knowledge

Information or insights that are possessed by an individual or group, which are not widely known or shared among others.