Companies Going Through Downsizing Often Develop Compensation Programs That Tie

question 80

True/False

Companies going through downsizing often develop compensation programs that tie an individual's compensation to the company's success.

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Definitions:

Profit Centers

Divisions or segments within a company that are directly responsible for generating its profits by making their own revenue and controlling their costs.

Corporate Executives

Senior management officials within a corporation, responsible for making major corporate decisions.

Profit Centers

Segments or areas of a business that are responsible for generating their own revenues and profits.

Incentives

Rewards or penalties designed to encourage or discourage specific behaviors among individuals or groups, often used in economic and business contexts.