As the HR Manager of Company XYZ

question 20

Multiple Choice

As the HR manager of Company XYZ., Victoria is currently working on the reward system.She wants to be able to pay and reward employees based on their skills, knowledge, and behaviors.What pay system should Victoria use?

• A)Scanlon plan
• B)IMPROSHARE
• C)Profit sharing
• D)Competency-based plan
• E)Point method

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Definitions:

Paid Admissions

Revenue generated from the sale of tickets or entry fees.

Budgeting

Budgeting involves planning income and expenditure for a specific period, helping organizations allocate resources efficiently.

Relevant Range

The range of activity within which the assumptions about fixed and variable costs are valid.

Unit Fixed Costs

Unit fixed costs refer to the costs that do not vary with the level of output or activity within a certain range of production or sales.