What Does Employee Compensation Refer To

question 68

Multiple Choice

What does employee compensation refer to?

• A)certain forms of pay and rewards to employees
• B)pay and rewards to employees
• C)all forms of pay or rewards to employees,both direct and indirect
• D)cash payments only

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Definitions:

Industrial Nations

Countries that have a developed industrial base and a significant level of economic activity in the manufacturing sector.

Developing Nations

Countries with a lower standard of living, underdeveloped industrial base, and lower Human Development Index relative to other countries.

Illegal Immigration

The act of residing in a country without the legal permission of its government.

Complementary Inputs

Inputs that are used together in production, such that the decrease in the price of one input increases the demand for the other input.