There Are Four Essential Building Blocks in the Total Reward

question 8

Multiple Choice

There are four essential building blocks in the total reward management process.They are:

• A) pay, performance pay, employee benefits and non-financial rewards.
• B) an accurate job description, strategic skills, company knowledge and technical abilities
• C) pay, employee benefits, strategic skills and technical skills.
• D) non-financial rewards, company knowledge, technical skills and employee benefits.

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Definitions:

Cumulative

Referring to something that increases or accumulates over time, such as cumulative voting rights or cumulative dividends.

Stated Value

A value assigned to no-par value stock by the issuing company's board of directors to serve as the stock's legal capital.

No-par Stock

Shares issued without a par value listed on the face of the stock certificate, allowing the company more flexibility in setting their value.

Redemption Value

The value at which a bond or other debt security can be redeemed before its maturity by the issuer.