Which performance-based pay system assumes that employees who know more are more valuable to the firm and deserve to be rewarded for their efforts in acquiring new skills?

A) variable pay
B) merit pay
C) lump sum pay
D) skill-based pay

Answer: D

Business

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To encourage learning and attract the kinds of employees who wish to develop their knowledge and skills, many organizations offer:

A. tuition reimbursement programs. B. flexible schedules. C. paid leaves for more than 2 weeks. D. quarterly promotions. E. college savings plans.

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Indicate whether the statement is true or false

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