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QUESTION: 1
What are methods of delivery for pay increases?
Option A :
Base salary adjustments, lump sum payments, and bonuses
Option B :
Collective bargaining agreements and union negotiations
Option C :
Point factor evaluations and job analysis
Option D :
Skill development, training completion, and promotions
Correct Answer: A
QUESTION: 2
What does it mean to lag the market?
Option A :
Paying employees below the market rate
Option B :
Paying employees above the market rate
Option C :
Paying employees at the market rate
Option D :
Adjusting pay based on market fluctuations
Correct Answer: A
QUESTION: 3
Which of the following describes a characteristic of single-rate pay?
Option A :
Increases are based on a prescribed time schedule
Option B :
Pay rate is based on the acquisition of skills by the individual employee.
Option C :
Each job has a fixed pay rate (one rate for all employees)
Option D :
Employees are paid for skill set, not necessarily for job performed.
Correct Answer: C
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