The Practice of Openness in a Compensation System Generally Leads

question 30

Multiple Choice

The practice of openness in a compensation system generally leads to:

• A) greater pay dissatisfaction among employees.
• B) increased fairness in managerial pay decisions.
• C) greater overall compensation costs.
• D) increased team building.

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Definitions:

Administrative Delays

Delays in processes or decision-making within an organization, often due to bureaucratic obstacles or inefficiency.

Limit Inflow

A measure or policy implemented to restrict the volume or quantity of something entering a particular system or area.

Infant Industries

Emerging sectors or businesses that are at the beginning stages of development and may be protected by a government to help them grow without foreign competition.

Neo-Mercantilist

An economic philosophy that advocates for government involvement in protecting and growing domestic industries through policies that often include tariffs and quotas.