Compensation Includes Not Only Wages or Salaries but Incentives and Benefits

question 197

True/False

Compensation includes not only wages or salaries but incentives and benefits programs as well.

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Definitions:

Punitive Damages

Money damages awarded to a plaintiff to punish the defendant and deter future similar conduct.

Civil Lawsuit

A legal dispute between two or more parties that seek monetary damages or specific performance rather than criminal sanctions.

Strict Liability

Liability regardless of fault. In tort law, strict liability may be imposed on a merchant who introduces into commerce a good that is so defective as to be unreasonably dangerous.

Product Liability

The area of law in which manufacturers, distributors, suppliers, and retailers are held responsible for any injuries products cause.