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1 Copyright © 2017 Pearson Education, Inc. Human Resource Management, 15e (Dessler) Chapter 11 Establishing Strategic Pay Plans 1) Which of the following terms refers to all forms of pay or rewards going to employees and arising from their employment? A) salary B) employee benefits C) wage reimbursement D) employee compensation Answer: D Explanation: D) Employee compensation refers to all forms of pay going to employees and arising from their employment. It has two main components, direct financial payments (wages, salaries, incentives, commissions, and bonuses) and indirect financial payments (financial benefits like employer-paid insurance and vacations). Difficulty: Easy Chapter: 11 Objective: 1 AACSB: Analytical Thinking Learning Outcome: 11.1 List the basic factors determining pay rates. 2) Which of the following is NOT a type of direct financial payment? A) wages B) insurance C) incentives D) commissions Answer: B Explanation: B) Employee compensation refers to all forms of pay going to employees and arising from their employment. It has two main components, direct financial payments (wages, salaries, incentives, commissions, and bonuses) and indirect financial payments (financial benefits like employer-paid insurance and vacations). Difficulty: Easy Chapter: 11 Objective: 1 AACSB: Analytical Thinking Learning Outcome: 11.1 List the basic factors determining pay rates. Which of the following terms refers to forms of pay given by employers to their employees for the performance of their job?Answer and Explanation: The correct answer is choice d. Employee compensation is defined as the non-cash payment and the total cash given to the workers in exchange for the labor they offer to the company.
Which of the following terms refers to pay in the form of financial benefits such as insurance?The correct option is C) indirect financial payments.
Which one of the following terms refers to pay in the form of financial benefits such as employer paid insurance and vacations?Explanation: C) Employee compensation has two main components: direct financial payments (wages, salaries, incentives, commissions, and bonuses) and indirect financial payments (financial benefits like employer-paid insurance and vacations).
Which form of pay equity refers to how a job's pay rate in one company compares to the job's pay rate in other companies?External equity refers to how a job's pay rate in one company compares to the job's pay rate in other companies.
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Which of the following terms refers to all forms of pay or rewards going to employees and arising from their employment * Mcq?
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