A Coordinated, Strategic Approach to Managing Global Compensation Should Be

question 27

Multiple Choice

A coordinated, strategic approach to managing global compensation should be addressed at two levels: the strategic management of the compensation function itself and the

• A)awareness of worldwide compensation practices.
• B)link with organization strategy.
• C)assessment of local reward preferences and expectations.
• D)cooperation among managers across all international and domestic units of an organization.

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Definitions:

Average Cost

A method of inventory costing that determines the cost of goods sold and ending inventory based on the weighted average cost of all purchases.

Gross Profit Method

A technique used to estimate the amount of ending inventory using the gross profit margin.

Net Realizable Value

The expected selling price in the ordinary course of business minus the estimated costs of completion and the costs necessary to make the sale.

Normal Selling Price

The standard amount charged to customers for a good or service under normal market conditions.