In Developing Compensation Plans, the Management Accountant Works to Achieve

question 46

Multiple Choice

In developing compensation plans, the management accountant works to achieve fairness by making the plan:

• A) Precise, comprehensive and directive.
• B) Simple, clear and consistent.
• C) Attractive.
• D) Rewarding.
• E) Selective.

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Definitions:

Cognitive Needs

Psychological requirements for knowledge, meaning, and understanding, driving individuals to seek information and engage in intellectual activities.

Esteem Needs

A higher-level psychological need pertaining to gaining the respect, status, recognition, and self-esteem one desires.

Incongruent Self-Concept

A state where there is a mismatch between one's self-perception and the reality of one's attributes or experiences.

Unconditional Affection

An affectionate feeling or action shown towards someone regardless of their actions or faults.