The Major Objectives of MNCs Adopting a Centralized Approach to Total

question 48

True/False

The major objectives of MNCs adopting a centralized approach to total compensation are to create consistency in the link between results and rewards,to ensure that employees doing similar jobs all around the world are paid comparably,and to achieve internal pay equity.

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Definitions:

Probability of Success

The likelihood or chance of an event happening that is considered a favorable outcome.

Normal Curve

A symmetric bell-shaped curve that represents the distribution of many types of data; most values remain near the mean and the frequencies decrease further from the mean.

Binomial Probability

The probability of obtaining a fixed number of successes in a set number of trials in an experiment with two possible outcomes.

Continuity Correction

A correction used in approximating a discrete distribution with a continuous one, especially in hypothesis testing with binomial distributions.