Integrating Which of the Following into the Compensation Package Could

question 67

Multiple Choice

Integrating which of the following into the compensation package could help organizations achieve the long-term goal of retaining good employees?

• A) merit pay
• B) commissions
• C) a profit-sharing plan
• D) a piecework incentive
• E) spot awards

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Definitions:

Investors

Individuals or entities that commit capital with the expectation of receiving financial returns, involving a variety of investment vehicles like stocks, bonds, and real estate.

Stakeholders

Individuals or groups that have an interest or concern in an organization's activities and outcomes, including employees, customers, suppliers, and shareholders.

Stockholders

Individuals or entities that own shares in a corporation, giving them a claim on part of the company's assets and earnings.

Culturally Diverse

Being culturally diverse refers to an environment or society inclusive of multiple cultural traditions, backgrounds, and practices, which is often seen as enriching and beneficial for collective growth and learning.