For which of the following reasons are group pay systems often preferred to individual schemes?
i. They encourage teamwork.
ii. They reduce dysfunctional competition between employees.
iii. They promote equity between employees.

A) i and ii
B) ii and iii
C) i and iii
D) All of the given answers

Group Pay Systems

Compensation structures where pay is determined based on the performance of a group or team, rather than individual achievement.

Dysfunctional Competition

A harmful form of rivalry among businesses that may involve unethical practices, leading to reduced efficiency and harm to consumers or the industry.

Teamwork

The collaborative effort of a group to achieve a common goal or complete a task in the most effective and efficient way.