1. Describe each of the following three types of compensation plans used by organizations for team members: a) Skill-based pay b) Job-based pay c) Competency-based pay d) Which type of performance appraisal is best used with teams?
2. What are the different types of product advertising?
3. Ten high-technology batteries are tested for 200 hours each. One failed at 20 hours; another failed at 140 hours; all others completed the test. Calculate the product Failure Rate (FR) and the Mean Time Between Failures (MTBF).