Which Statement Best Describes the Context of Compensation Management Within

question 14

Multiple Choice

Which statement best describes the context of compensation management within a firm?

• A) All organizations need a human resources department to deal with compensation issues.
• B) The larger the firm,the greater the need for compensation specialists.
• C) In smaller organizations,compensation consulting firms are responsible for compensation strategy.
• D) Within a large firm,all managers require extensive knowledge of compensation.

---

Definitions:

Information Divergence

Denotes the difference or discrepancy in information among parties, which can lead to various interpretations or understandings.

Knowledge Gap

The theory that information spreads unevenly across populations, leading to gaps in knowledge between different socio-economic groups.

Movie Studios

Facilities or companies equipped for the production of films, responsible for the creative and logistical aspects of movie making.

Buena Vista

A term that can refer to various locations and companies, notably a brand used by The Walt Disney Company for its film distribution.