Which of the Following Is a Disadvantage of a Pay

question 90

Multiple Choice

Which of the following is a disadvantage of a pay structure that rewards employees for winning promotions?

• A) It does not focus on setting pay for groups of jobs.
• B) It does not make adjustments to a pay rate to reflect differences in labor markets.
• C) It discourages employees from gaining valuable experience through lateral career moves.
• D) It rewards employees for acquiring skills but does not provide a way to ensure that employees can use their new skills.
• E) It places the employer at an economic disadvantage relative to other employers that pay the market rate by raising the pay for some jobs.

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Definitions:

GDP

Gross Domestic Product, the total value of all goods and services produced within a country in a specific time period, serving as a comprehensive measure of overall economic activity.

Gross Income

The total income from all sources before deductions or taxes.

Normal Crop

A term typically used to refer to an average or expected yield of agricultural production in a given season or year.

Price Support Program

A price support program is a governmental policy designed to maintain the market price of a good at a predetermined level, often to ensure that producers receive a minimum income.