Which statement best describes the difference between pay for knowledge systems (PKS) and job-based pay...

Pay for knowledge systems involve basing pay on the capabilities of individuals, and job-based pay is based on the characteristics of the job.

Pay for knowledge systems are applied to managerial employees, and job-based pay is applied to operational-level employees.

Pay for knowledge systems are more widely used by Canadian firms than job-based pay systems,

Pay for knowledge systems involve low training costs and are easier to administer than job-based pay systems,