You Have Been Asked to Prepare a Total Pay Package

question 19

Essay

You have been asked to prepare a total pay package for three managers who are going overseas to work.Describe the components you will consider and what you will need to gather from each host country to make your package complete.

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Definitions:

GDP Deflator

An economic metric that converts output measured at current prices into constant-dollar GDP, stripping out the effects of inflation to reflect the real volume of goods and services produced.

National Income

The total amount of money earned within a country from the production of goods and services over a specific period.

Profits

The financial gain that is achieved when the amount of revenue gained from a business activity exceeds the expenses, costs, and taxes needed to sustain the activity.

Intermediate Products

Goods that are used as inputs in the production of other goods, including raw materials, unfinished goods, and semi-finished goods.