The Total Compensation Package That Equalizes the Purchasing Power of an Expatriate

question 17

Multiple Choice

The total compensation package that equalizes the purchasing power of an expatriate manager with that of employees in similar positions in the home country and provides incentives to offset the inconvenience incurred in the location is known as the ________ approach.

• A)cost-based
• B)balance sheet
• C)fixed cost
• D)performance-linked
• E)profit-based

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Definitions:

New Venture Creation

The process of developing, planning, and launching a new business enterprise.

Self-Made Entrepreneurs

Individuals who have achieved business success primarily through their own efforts, skills, and resources.

Media Stereotype

A fixed, oversimplified, and generalized belief or idea about a particular group of people or topic propagated by media.

Financial Independence

The state of having sufficient personal wealth to live, without needing to work actively for basic necessities. It implies having a financial strategy that allows for living without ordinary income.