For the Compensation System,the Basic Question to Ask Is _____

question 6

Multiple Choice

For the compensation system,the basic question to ask is _____

• A) "Who should do the activity?"
• B) "How should the technique be redesigned?"
• C) "Does each specific activity directly contribute to our objectives?"
• D) "Should the activity be done in-house, or can others do it more effectively?"

---

Definitions:

Marginal Utility

The change in total utility a person derives from consuming an additional unit of a good or service.

Total Utility

The overall satisfaction or benefit a person receives from consuming a certain amount of goods or services.

Utility Maximization

The principle that individuals or firms seek to allocate their resources in a manner that maximizes their satisfaction or utility.

Money Income

Money income is the total amount of money earnings received by an individual or household, including wages, salaries, benefits, and investment income, before any deductions.