Which of the Following Is NOT a Factor That Should

question 134

Multiple Choice

Which of the following is NOT a factor that should influence compensation and benefits?

• A)gender
• B)seniority
• C)geographical location
• D)employee performance levels

---

Definitions:

Accounting Profits

The difference between total revenue and explicit costs, representing the net income shown on a company's financial statements.

Implicit Costs

The opportunity costs associated with a company's use of resources that it owns, representing the potential income lost by not using those resources in an alternative way.

Total Revenues

The overall sum of money earned by a business from its sales of goods or services, calculated without deducting any expenses.

Marginal Product

The incremental increase in output resulting from the use of one additional unit of a resource, while keeping other resources constant.