A Payment Made to Compensate a Manager for Cultural and Physical

question 29

Multiple Choice

A payment made to compensate a manager for cultural and physical adjustments that he or she will have to make is called a(n)

• A)education allowance.
• B)overseas bonus.
• C)overseas incentive.
• D)housing allowance.
• E)mobility premium.

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Definitions:

Natural Resources

Materials or substances such as minerals, forests, water, and fertile land that occur in nature and can be used for economic gain.

Market Prices

The current price at which a good or service can be bought or sold in an open market, determined by supply and demand dynamics.

Economic Profits

The surplus remaining after total costs are deducted from total revenues, accounting for both explicit and implicit costs.

Productive Land Resources

Land areas that are utilized or capable of being utilized for agricultural production, mining, or other economic activities.