Senior Management in Your Organisation Wants You to Explain to the Board

question 50

Multiple Choice

Senior management in your organisation wants you to explain to the board of directors the key concept that makes compensation systems work.It would be correct to tell them that the ideal compensation system must

• A) keep labour costs as low as possible.
• B) provide for employee needs while keeping labour costs within reasonable limits.
• C) pay the highest wages in the industry.
• D) encourage employees to work for as little as possible to keep company profits as high as possible.
• E) focus attention on benefits rather than on salaries, which are kept low on purpose.

Identify the conditions under which preincorporation share subscriptions are binding and their effects on the corporation.

Understand the procedures and legal requirements for corporate governance, including meetings and decision-making.

Recognize the distinctions between de jure, de facto, and corporation by estoppel statuses.

Understand the financial obligations of corporations to maintain good standing.

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Definitions:

Chronic Pain

Persistent pain that lasts longer than the usual course of an acute illness or injury or for more than three to six months.

Personality Disorders

Types of mental health disorders characterized by enduring maladaptive patterns of behavior, cognition, and inner experience.

Gate Control Theory

A theory that suggests the spinal cord contains a neurological "gate" that controls the transmission of pain signals to the brain.

Chronic Pain

Persistent or recurring pain that lasts longer than the typical recovery period or associated with chronic health conditions.