Which of the following statements is TRUE of lump-sum payments?
a. It is a pay incentive system in which employees receive a share of the employer's profits on a monthly basis as their payment.
b. It is a wage system that pays newly hired workers less than current employees performing the same or similar jobs.
c. It is a method of providing a general wage increase as a onetime payment rather than adding the increase to the hourly or annual salary of the employee.
d. It is a method of providing a general wage increase in which a lower wage adjustment is provided in the first year with higher increases in later years.
c
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Agency-created laws are called:
a. statutes b. ordinances c. quasi-statutes d. regulations
The local grocery store consists of two cashiers. The customers arrive according to a Poisson distribution and the service times are based on a negative exponential distribution
The average customer service time is 5 minutes and the average time between the arrivals of successive customers is 3 minutes. What is the probability that there are no customers in the grocery store?