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Questions and Answers
Year-end bonuses are based on company financial performance measures such as revenue.
Year-end bonuses are based on company financial performance measures such as revenue.
False
Deferred compensation is one of the six basic components of executive/managerial compensation packages.
Deferred compensation is one of the six basic components of executive/managerial compensation packages.
True
Stock options are a form of fringe benefits.
Stock options are a form of fringe benefits.
False
Employment security arrangements are designed to provide job security for executives and managers.
Employment security arrangements are designed to provide job security for executives and managers.
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Salary cannot be adjusted annually.
Salary cannot be adjusted annually.
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Annual bonus payments are not effective in motivating future performance.
Annual bonus payments are not effective in motivating future performance.
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Equity compensation is more suitable for rank and file employees than senior executives.
Equity compensation is more suitable for rank and file employees than senior executives.
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Fringe benefits given to rank and file employees are subject to a 35% Fringe Benefit Tax (FBT).
Fringe benefits given to rank and file employees are subject to a 35% Fringe Benefit Tax (FBT).
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Employee leasing can provide firms with more control over employee availability, effort, and skill.
Employee leasing can provide firms with more control over employee availability, effort, and skill.
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The Philippine Health Insurance Corporation scheme aims to provide access to quality medical and health care services for all rank and file employees.
The Philippine Health Insurance Corporation scheme aims to provide access to quality medical and health care services for all rank and file employees.
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