Compensation Refers To

question 34

Multiple Choice

Compensation refers to:

• A) the total monetary and non-monetary goods or commodities used to reward employees
• B) the total cash and superannuation provided to employees for their efforts
• C) the total cash less taxation paid to an employee on a regular basis
• D) two of these choices
• E) None of these choices.

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Definitions:

Safety Stock

An additional quantity of inventory kept on hand as a buffer against demand fluctuations or supply chain uncertainties.

Lead Time

The amount of time between the initiation and completion of a production process.

Safety Stock

A quantity of inventory kept on hand to protect against fluctuations in demand or supply.

Lead Time

The amount of time that elapses between the initiation of a process and its completion.