______ Means Physical Control Over Property with the Ability to Freely

question 57

Multiple Choice

______ means physical control over property with the ability to freely use and to enjoy the property.

• A) Custody
• B) Possession
• C) Asportation
• D) Simulation

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Definitions:

Compensation System

A structured plan designed by an organization to pay its employees, including wages, salaries, benefits, and bonuses.

Total Rewards Approach

A strategy that encompasses all forms of compensation, including salary, benefits, recognition, and development opportunities, to motivate and retain employees.

Compensation System

An organized approach used by employers to determine the value and pay structure for different positions within the organization.

Compensation Strategy

A plan or approach designed by an organization to determine how employees are rewarded for their work, including salaries, benefits, and bonuses.