The Two Key Questions That Must Be Addressed in Designing

question 15

True/False

The two key questions that must be addressed in designing any compensation system are: a)What role should each of the three compensation components play in the compensation mix? and b)What total level of compensation should be provided?

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Definitions:

Crown Grant

A legal document issued by the crown (government) transferring an interest in land (usually ownership or a lease) to a private individual or entity.

Real Property

Land and anything permanently attached to it, such as buildings and other structures, which have legal rights associated with ownership.

Chattel

Personal property that is movable, as opposed to real property or real estate.

Profit a Prendre

A right to take something (such as minerals, game, or timber) from another's land.