Job-Based Pay Policies Work Best in Which of the Following

question 95

Multiple Choice

Job-based pay policies work best in which of the following situations?

• A) Employees require little training for a job.
• B) Employees' jobs don't change often.
• C) Technology changes rapidly.
• D) Turnover is fairly high.

---

Definitions:

Crowding-In Effect

An economic theory suggesting that increased government spending leads to an increase in private sector investment.

Government Spending

Expenditures made by the government sector including spending on goods and services, public projects, and transfer payments.

Economic Expansion

A phase in the business cycle where the economy grows and increases in activity.

Budget Deficits

Occurs when a government's expenditures surpass its revenues during a given period, leading to borrowing or use of saved funds.