Which of the Following Refers to the Creation of a Compensation

question 32

Multiple Choice

Which of the following refers to the creation of a compensation package that produces the employee behaviours that a company requires in order to achieve their competitive strategy?

• A) Cost-effective compensation plan
• B) Aligned reward strategy
• C) Hybrid pay structure
• D) Dual salary/commission plan
• E) Total benefits package

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Definitions:

Corporate Social Responsibility (CSR)

A business model that helps a company be socially accountable to itself, its stakeholders, and the public.

Distinctive Position

A unique or highly specialized role within an organization that sets it apart from similar positions in other organizations.

Necessary Cost

Expenses deemed essential for the operation of a business or the production of goods and services, often including materials, labor, and overheads.

Pocket Protectors

Small, flat cases used to hold items like pens in a shirt pocket, preventing ink from staining the fabric.