A _____ Gives the Biggest Pay Increases to the Best

question 133

Multiple Choice

A _____ gives the biggest pay increases to the best performers and to those whose pay is relatively low for their job.

• A) piecework pay system
• B) merit pay system
• C) standard hour plan
• D) differential plan
• E) skill-based plan

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Definitions:

Wealth

The abundance of valuable resources or material possessions, or the control of such assets, which gives an individual or group economic power.

Income

The money received, usually on a regular basis, for work or through investments.

Caste System

An almost pure ascription-based stratification system in which occupation and marriage partners are assigned on the basis of caste membership.

Functional Theory

A theoretical perspective that analyzes society in terms of the functions performed by its different components or institutions.