Ring Associates, an insurance company, defines the difference in pay between an entry-level recruiter and an entry-level assembler, as well as the difference between an entry-level recruiter, an HR manager, and the vice president of the human resource department. What is being exemplified in this scenario?

A. balanced scorecard
B. pay differential
C. straight piecework plan
D. job structure
E. merit pay system


Answer: D

Business

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Dwight, Dane & Associates, a consulting firm with offices in seven countries, is bringing together employees from all locations for a leadership training event. Which consideration is most affected by the international nature of the workforce?

A. management's interest in the topic B. the employees' motivation level C. the need to have training objectives D. cultural differences E. the need to measure training outcomes

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Capturing the opinions of only those who visit specific websites is an example of what?

A) Sampling bias B) Leading questions C) Validity D) Representative samples E) In-depth interviews

Business

We have transitioned from a service economy to a(n) ______.

a. Industrial economy b. Information economy c. Experience economy d. Luxury economy

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Strategy is all about:

a. Foresight and a holistic view of the firm b. The short-term objectives of the firm and ways of meeting them c. Defining marketing goals and targets d. Enhancing sales performance

Business