Which of the Following Steps Is Not Considered Part of the Compensation

question 7

Multiple Choice

Which of the following steps is not considered part of the compensation strategy formulation process?

• A) Determine required behaviour
• B) Determine role of compensation
• C) Evaluate the proposed strategy
• D) Conduct performance appraisals

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Definitions:

Ratifying Contract

The act of formally approving an agreement to make it valid and binding, often after the fact.

Accepting Benefits

The act of receiving advantages, possibly under a contract, and particularly in a manner that implies acknowledgment or endorsement.

Writing

The act or process of forming visible letters or characters specifically for communication or documentation.

Secret Commission

A payment made to an individual for facilitating a transaction without the knowledge of all parties involved.