Multiple Choice
Which of the following statements about merit pay plans is true?
A) Under merit pay plans, performance is usually measured objectively.
B) Traditional merit pay plans entail considerable risk for employees.
C) With merit pay plans, base pay is set at the market rate.
D) Merit pay raises will be removed if performance declines.
E) The size of merit pay adjustments is typically greater than that awarded under the incentive and earnings-at-risk plans.
Correct Answer:
Verified
Correct Answer:
Verified
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