One Method of Compensation in a Global Business Is to Pay

question 34

Multiple Choice

One method of compensation in a global business is to pay a similar base salary company wide or region wide and offer expatriates an allowance based on specific market conditions in each country. This is known as _____.

• A) broadbanding
• B) the balance sheet approach
• C) skills-based pay
• D) competence-based pay
• E) a pay grading system

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Definitions:

Technical Expertise

Specialized knowledge or skills in a specific field or discipline, often relating to the application of scientific or technical knowledge.

Line Workers

Employees who are directly involved in the operational processes of a company, typically in manufacturing or production.

Planning

The process of making plans for something, including setting goals, strategies, and actions.

Controlling

is one of the four major functions of management, focusing on monitoring performance and making adjustments to achieve goals.