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

question 174

Multiple Choice

Senior management in your organization 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 labor costs as low as possible.
• B) provide for employee needs while keeping labor 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.

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Definitions:

Fossa Ovalis

The fossa ovalis is an anatomical feature of the heart, a depression in the right atrium wall, marking the spot where an opening, the foramen ovale, existed in the fetal heart.

Papillary Muscle

Muscles located in the ventricles of the heart, attaching to the cusps of the atrioventricular valves via chordae tendineae and preventing valve inversion.

Foramen Ovale

An opening in the septum between the right and left atria of the fetal heart, which normally closes shortly after birth.

Ligamentum Arteriosum

The ligamentum arteriosum is a small ligament that is a remnant of the fetal circulation's ductus arteriosus, connecting the aortic arch to the pulmonary artery, closing shortly after birth.