Total Rewards Refers to

question 44

Multiple Choice

Total rewards refers to

• A)payroll costs.
• B)all forms of pay or other compensation provided to employees.
• C)cash payments only.
• D)certain forms of pay and rewards to employees.
• E)contractual pay methods or fringe benefits to employees.

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Definitions:

Investment Account

An account held at a financial institution that is used for investing in securities, such as stocks, bonds, and mutual funds.

Withdraw

The process of withdrawing money from a bank account or investment.

Compounded Monthly

It's the practice of assessing interest each month, by adding up both the initial amount invested or borrowed and the subsequent interest that's accumulated over time.

GIC's Maturity

The fixed date when a Guaranteed Investment Certificate (GIC) expires and the principal amount is returned to the investor along with the accrued earnings.