When Computing National Income,which of the Following Is Included in Compensation

question 39

Multiple Choice

When computing national income,which of the following is included in compensation of employees?

• A) wages and salaries paid to employees
• B) employers' contributions to Social Security and employee benefit plans
• C) the monetary value of fringe benefits,tips,and paid vacations
• D) all of the above

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Definitions:

Strategic Focus

A business approach that involves prioritizing and concentrating efforts and resources on the most critical areas that will drive success.

Competitive Environment

The external surroundings that involve all rivals, their strategies, strengths, and weaknesses, affecting a company's market position.

Resources

The assets, capabilities, processes, information, and knowledge that an organization uses to improve its effectiveness and create and sustain competitive advantage.

Relationships

Connections or associations between people, groups, or entities, often based on interactions, feelings, or business dealings.