Exploring Perspectives on Compensation
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Questions and Answers

Which of the following is NOT considered a component of compensation?

  • Health insurance
  • Recognition (correct)
  • Base pay
  • Challenging work

How do stockholders view compensation?

  • As a measure of justice
  • As financial security
  • As an entitlement
  • As an expense (correct)

What does compensation aim for in terms of strategic objectives?

  • Providing financial security
  • Ensuring job satisfaction
  • Enhancing employee well-being
  • Improving performance and controlling costs (correct)

What are the components of cash compensation?

<p>Merit increases and incentives (D)</p> Signup and view all the answers

What are the nonfinancial aspects of compensation?

<p>Job security and learning opportunities (B)</p> Signup and view all the answers

Which of the following is considered a component of compensation?

<p>Recognition (B)</p> Signup and view all the answers

Who perceives compensation as financial security, an entitlement, incentive, or reward?

<p>Employees (B)</p> Signup and view all the answers

What is included in the benefits component of compensation?

<p>Health insurance (D)</p> Signup and view all the answers

What is the purpose of compensation in terms of strategic objectives?

<p>Improving performance and controlling costs (D)</p> Signup and view all the answers

What do stockholders debate about compensation?

<p>Ownership (D)</p> Signup and view all the answers

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