Seniority Rewards in a Traditional Factory and Skill-Based Pay Rewards

question 25

Multiple Choice

Seniority rewards in a traditional factory and skill-based pay rewards in integrated manufacturing are examples of ________ compensation.

• A)market-contingent
• B)job-contingent
• C)person-contingent
• D)culture-contingent
• E)performance-contingent

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Definitions:

Payroll Checks

Payroll checks are written by an employer to pay employees for services rendered during a specific time period.

Cost Driver

A cost driver is a factor that causes a change in the cost of an activity. It directly influences the cost of a process, product, or operation.

Support Department

A unit within an organization that provides essential services and support to the core departments, facilitating their operations rather than directly contributing to the production of goods or services.

Number Of Computers

The total count of computing devices within a specific inventory or environment.