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.