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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 all forms of pay or rewards going to employees and arising from their employment * Mcq?Answer and Explanation:
Employee compensation provides pay or rewards to an employee. An organization provides employee compensation to an employee through direct financial payment and indirect financial payment.
Which of the following terms refers to all forms of pay or reward going to employees and arising from their employment?defines compensation in these words “Employee compensation refers to all forms of pay going to employees and arising from their employment.” The phrase 'all forms of pay' in the definition does not include non-financial benefits, but all the direct and indirect financial compensations.
What is the term for all forms of pay or reward related to one's job?Compensation describes the cash rewards paid to employees in exchange for the services they provide. It may include base salary, wages, incentives and/or commission. Total compensation includes cash rewards as well as any other company benefits.
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).
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Which one of the following terms refers to all forms of pay or rewards going to employees and arising from their employment quizlet?
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