Which of the Following Statements Is True About Administering Employee

question 74

Multiple Choice

Which of the following statements is true about administering employee compensation?

• A) Fixed cash compensation for work, independent of the number of hours worked, is termed as wages.
• B) Cash payment based on an employee's unit of output is called salary.
• C) Labor-Management Relations Act sets specific guidelines that employers must follow when administering salaries and wages.
• D) Compensation comprises of direct payments such as wages or salary, and excludes indirect payments through employee benefits.
• E) Compensation is dictated by prevailing conditions in the job market and the value each employee brings to the organization.

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Definitions:

Binding Authorities

Legal precedents or decisions by higher courts that lower courts are obliged to follow in similar cases.

Equitable Remedy

A court-imposed action designed to provide fair resolution in legal disputes, often by ordering parties to perform specific acts or abstain from certain activities.

Remedy at Law

Legal means to enforce a right or redress a wrong, typically involving monetary compensation.

Rule of Law

The principle that all individuals, institutions, and entities are accountable to laws that are publicly promulgated, equally enforced, and independently adjudicated.