What Does Employee Compensation Refer To

question 68

Multiple Choice

What does employee compensation refer to?

• A)certain forms of pay and rewards to employees
• B)pay and rewards to employees
• C)all forms of pay or rewards to employees,both direct and indirect
• D)cash payments only

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Definitions:

Durable Products

Goods that are intended to last for a significant period of time without deteriorating quickly.

Sophisticated

Characterized by a high level of complexity, refinement, or development, often resulting from extensive experience or knowledge.

Product Innovation

The process of creating new products or significantly improving existing ones, often to meet new customer needs or market demands.

Competitive Advantage

The attribute or set of attributes that allows an organization to outperform its competitors, providing greater value to its customers or operating more efficiently.