What Is a Global Compensation System

question 32

Multiple Choice

What is a global compensation system?

• A) a system where employees for a multinational firm in different countries are paid exactly the same
• B) a system where host-country employees are paid similarly to employees in the home country
• C) a system where expatriates are paid at the global rates for their services
• D) a system where expatriates enjoy the balance sheet approach to their pay

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Definitions:

UCC

This code, called the Uniform Commercial Code, acts as an all-encompassing body of law for managing commercial operations in the United States.

Duty to Inform

The legal obligation of one party to provide relevant information to another party in certain circumstances, such as in contracts or advisory relationships.

Law of Agency

A legal doctrine concerning the relationship where one party, the agent, is authorized to act on behalf of another, the principal, in transactions with third parties.

Mental Capacity

An individual's cognitive ability to understand, make, and communicate informed decisions regarding personal or legal matters.