In the Method Favored by the Majority of American ICs

question 49

True/False

In the method favored by the majority of American ICs, the salary part of an expatriate employee's compensation package will generally be governed by the employee's level in the organization and will not be higher because of the foreign assignment.

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Definitions:

Deficits

The situation that arises when a government, company, or individual spends more money than it receives in income or revenue over a specified period.

Living Standards

The level of wealth, comfort, material goods, and necessities available to a certain socioeconomic class or geographic area.

Tax Cuts

Reductions in the amount of tax that individuals or corporations must pay to the government.

Recessions

Periods of temporary economic decline during which trade and industrial activity are reduced, generally identified by a fall in GDP in two successive quarters.