Compensation Is One of the Organization's Largest Expenditures

question 19

Multiple Choice

Compensation is one of the organization's largest expenditures.Compensation philosophies and systems vary from one organization to the next.Why is that?

• A) There is no "one right way" to compensate employees. Many systems will work equally well in any organization.
• B) Different organizations have different organizational objectives and strategies.
• C) Legal requirements mandate different types of compensation systems depending on the organization's industry.
• D) Organizations depend heavily on consultants to design their compensation systems, and each consulting firm has its own system.

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Definitions:

Stimulus

Any external event or situation that influences an individual's sensory input and can elicit a physiological or psychological response.

Bayley Scales

A series of standardized tests used primarily to assess the motor (fine and gross), cognitive, and language development of infants and toddlers, ranging from birth to 3 years old.

Infant Development

The physical, cognitive, and emotional growth that occurs in human babies from birth to the end of their second year.

Bayley-III

Stands for the third edition of the Bayley Scales of Infant and Toddler Development, a tool to assess developmental progress in children up to 42 months.