Conventional base pay systems compensate employees based on the work required to do a specific job as determined by job evaluations. Which of the following approaches was created to provide additional flexibility to conventional base pay systems?
A. Competence-based pay
B. Crowdsourcing
C. Skill-based pay
D. Broadbanding
Answer: D
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At international trade shows it is unlikely that an actual sale will be finalized, but the opposite is true for domestic U.S. trade shows, sales are normally completed during the trade show
Indicate whether the statement is true or false
Which of the following statements about group decision making is true?
A. Individuals are always better than groups in decision making. B. Groups are always better than individuals in decision making. C. Groups minimize satisficing. D. Groups are faster at making decisions. E. Managers should utilize groups for decision making on a selective basis.
Sean of Sean's Shrimp House was enjoying a cup of cappuccino while visiting with Ollie at Ollie's Ocean Front Bar & Grill. During the course of their conversation, Sean agreed to supply 100 pounds of shrimp per month for the next year to Ollie's
restaurant at the price of $2.50 per pound. When Sean got back to his office, he sent a written confirmation of the agreement to Ollie. Six weeks after receiving the confirmation Ollie wrote back, stating that he had not agreed to the price of $2.50 per pound. Is Ollie bound to the confirmation?
If two events are mutually exclusive, the probability of both events occurring is simply the sum of the individual probabilities
Indicate whether the statement is true or false