For a Given Compensation Potential (Isocost Curve),an Employee with a Large

question 40

Multiple Choice

For a given compensation potential (isocost curve) ,an employee with a large family is more likely to pick a wage-benefit mix that emphasizes:

• A)wages.
• B)incentive piece rates.
• C)risk-averse commission plans.
• D)fringe benefits.

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Definitions:

Advantage

A favorable or beneficial condition, circumstance, or characteristic that puts someone or something in a better position.

Resources

Assets, materials, or inputs used by an individual or organization to achieve objectives or produce goods and services.

Best Interest

A principle that emphasizes acting for the greatest benefit or advantage of all parties involved.

Benefit

An advantage, improvement, or gain that is obtained from an action, decision, or situation.