Cesar, a Satellite Architect, Accepted an Overseas Assignment for His

question 22

Multiple Choice

Cesar, a satellite architect, accepted an overseas assignment for his company when the company agreed to provide a car and chauffeur, a beach villa, a sailboat, and a lump sum payment of $600,000.What kind of pay factor was used?

• A)Base pay
• B)Differentials
• C)Bonuses
• D)Incentives
• E)Assistance programs

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Definitions:

Restructuring Gain

Income or positive financial impact resulting from alterations made to a company’s operations, structure, or strategy aimed at improving efficiency or reducing costs.

Receivable

Money owed to a company by its customers or clients for goods or services provided on credit.

State Bank

A financial institution that is chartered by a state government, as opposed to a national or federal charter.

Securitization

The process of pooling various types of contractual debt such as mortgages or loans and selling them as consolidated financial instruments to investors.