Question: 1. What is a pay range? Also, what are the main benefits of a wider pay range? 2. What is expectancy theory? Explain how managers

1. What is a pay range? Also, what are the main benefits of a wider pay range? 2. What is expectancy theory? Explain how managers could motivate employees by showing an example based on this theory. 3. There is a difference between merit pay and merit bonus. Which do you think employees would prefer? What is the reason for that? 4. Define specificity as one of the criteria for performance evaluation. What performance evaluation approach would be most effective to ensure specificity? Provide a specific example

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