A Good Compensation System Has All of the Following Objectives

question 1

Multiple Choice

A good compensation system has all of the following objectives except:

• A) to encourage cooperation between employees.
• B) to attract and retain employees.
• C) to reduce unexplainable variation in pay.
• D) to encourage internal competition.

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Definitions:

Whey

A liquid by-product of cheese production, rich in proteins and lactose, commonly used as a dietary supplement and in various food products.

Cocoa

A key agricultural commodity produced from the seeds of the cacao tree, used primarily in the making of chocolate.

Consumption

The use of goods and services by households.

Silver Bells

Typically associated with a song or decoration, especially around Christmas time; not a standard economic term.