Which of the Following Is Typical of the Entitlement Philosophy

question 55

Multiple Choice

Which of the following is typical of the entitlement philosophy of compensation?

• A) Pay and raises based on length of service
• B) No raises for poor-performing employees
• C) Market-adjusted pay scales
• D) Industry comparisons of total rewards

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Definitions:

Express Authority

is explicitly granted permission or power given to an agent or representative by a principal or employer to act on their behalf.

Detailed Language

The use of precise and specific terms in communication or documentation to ensure clarity and reduce ambiguity.

Apparent Authority

A situation where a third party reasonably believes that an agent has the authority to act on behalf of a principal, even if the agent does not have such authority.

Principal

In a financial context, the principal is the initial amount of money borrowed or invested, excluding any interest or profit. In an educational setting, it refers to the head of a school.