A successful compensation scheme A must allow employees to participate in a

A successful compensation scheme a must allow

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123) A successful compensation schemeA) must allow employees to participate in a firmʹs profits.B) must pay workers with comparable skills a comparable wage.C) must enable workers to enjoy a certain standard of living and must enable employers to earna normal rate of return.D) must induce effort from workers and ensure that both employer and employees benefit.Answer: D123)Diff: 2Page Ref: 566-567/566-567Topic: Compensation SystemsLearning Outcome: Micro 17: Explain the effects of the factors of production, factor demand, and factorsupply and labor in factor marketsAACSB: Reflective Thinking124) Which of the following is a reason why some firms donotuse commission pay?124)Diff: 2Page Ref: 568/568Topic: Compensation SystemsLearning Outcome: Micro 17: Explain the effects of the factors of production, factor demand, and factorsupply and labor in factor marketsAACSB: Reflective Thinking125) Which of the following statements about commission systems of compensation isfalse?125)Diff: 2Page Ref: 566-567/566-567Topic: Compensation SystemsLearning Outcome: Micro 17: Explain the effects of the factors of production, factor demand, and factorsupply and labor in factor marketsAACSB: Reflective Thinking40
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  • Spring '11
  • Lee
  • Economics, AACSB, Page Ref, Nontotient, factor demand

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