Which of the Following Statements Is NOT Correct with Regard

question 88

Multiple Choice

Which of the following statements is NOT correct with regard to skill-based pay?

• A) Although it has popular appeal, it is a fairly slow-growing pay innovation.
• B) Skill-based pay compensates people for the mix and depth of skills they possess.
• C) A potential advantage of skill-based pay is flexibility.
• D) A potential disadvantage of skill-based pay is higher training costs.
• E) A potential advantage of skill-based pay is employee cross-training.

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Definitions:

Opportunity Cost

The cost of foregoing the next best alternative when making a decision or choosing to allocate resources in a certain way.

Linear Production

A production process where there is a constant ratio of inputs to outputs, typically represented by a straight line in graphical analysis.

Cabbages

Leafy green, red, or white biennial plants grown as cool-season vegetables, often used in salads and other dishes.

Opportunity Cost

The overlook of beneficial possibilities from various options due to the selection of a singular alternative.