Total Compensation Can Facilitate the Organization's Achievement of Several Strategic

question 14

Multiple Choice

Total compensation can facilitate the organization's achievement of several strategic objectives.These include:

• A)the retention of talented employees
• B)improving productivity
• C)the ability to focus employee energies on implementing the organization's competitive strategy
• D)the ability to attract new employees
• E)all of the above

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Definitions:

Inputs

Inputs are the resources such as labor, materials, and capital that are used in the production process to create goods and services.

Industry Entry

The process by which a new competitor or business enters into an industry, facing various barriers such as high startup costs, regulatory requirements, and competition.

Short Run

A period of time during which at least one of a firm's inputs is fixed and cannot be changed.

Normal Return

The minimum profit necessary to keep a company in business, equating to the opportunity cost of capital.