The Degree to Which the Composition of a Reward Package

question 7

Multiple Choice

The degree to which the composition of a reward package matches the needs and preferences of applicants or employees is the package's ________.

• A)amount
• B)differential
• C)stability
• D)mix

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Definitions:

Classical Management

A theory of management that emphasizes rationality, efficiency, and a hierarchical structure of control, typically associated with the early 20th century.

Profit-Sharing Plans

A form of employee reward system where a company shares a part of its profits with its employees as a motivational and loyalty-enhancing tool.

Employee Supervision

The act of overseeing and guiding employees' work and performance by a manager or supervisor to ensure tasks and objectives are accomplished.

Group Commissions

A remuneration system where a team of employees earns commissions collectively based on the group's overall performance.