The Compensation Scorecard Creates a Comparative Tool Within the Organization

question 98

True/False

The compensation scorecard creates a comparative tool within the organization that can reinforce desired outcomes that are unique to the company's strategy.

---

Definitions:

More Than One Vendor

Utilizing services or products from multiple suppliers or companies instead of relying on a single source.

Estimate Cost

The process of forecasting the financial expenditure required to complete a project or produce a good.

Selection Phase

The stage in a project or procurement process where options are evaluated and choices are made regarding resources, suppliers, or methods.

Detailed Estimates

Comprehensive predictions of the expected costs, resources, or time needed to complete a project component or task.