Total Rewards Refers to

question 44

Multiple Choice

Total rewards refers to

• A)payroll costs.
• B)all forms of pay or other compensation provided to employees.
• C)cash payments only.
• D)certain forms of pay and rewards to employees.
• E)contractual pay methods or fringe benefits to employees.

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Definitions:

Market Exit

The process of a company stopping its business operations or leaving a market, often due to unprofitability or strategic realignment.

Concentrated Industry

An industry characterized by a few firms controlling a large market share, leading to reduced competition.

Relatively Small

A comparative term indicating that something is smaller in size, amount, or degree when compared to others in a similar context.

Number of Firms

This refers to the total count of businesses operating within a specific market or industry.