The Need to Explain the Rationale for Compensation Choices to Employees

question 44

Multiple Choice

The need to explain the rationale for compensation choices to employees is consistent with ____________ theory.

• A) equity
• B) tournament
• C) institutional
• D) marginal productivity

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Definitions:

Maturity

Maturity refers to the date on which the principal or final payment is due on a debt instrument, after which the debt is considered repaid.

Futures Position

A contractual obligation to buy or sell a particular commodity or financial instrument at a predetermined price at a specified time in the future.

Underlying Commodity

The basic physical asset upon which futures contracts and derivatives are based.

Maturity

The specified date on which the principal amount of a bond, loan, or other financial instrument is due to be repaid.