Companies Using Performance-Based Compensation Systems Tend to Be

question 62

Multiple Choice

Companies using performance-based compensation systems tend to be:

• A) publicly-held corporations in competitive markets.
• B) smaller, rapidly growing companies that face strong competitive pressures.
• C) larger firms with several layers of management that operate in relatively stable markets.
• D) large firms that desire to break out of the "pack" and distinguish themselves from competitors.

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Definitions:

Health Insurance

A type of insurance coverage that pays for medical and surgical expenses incurred by the insured.

Preapproval

The process of obtaining conditional approval from a lender for a loan amount before making a purchase.

Organizational Culture

The shared values, beliefs, and norms that influence the way employees think, feel, and behave within an organization.

RFP Process

Stands for Request for Proposal process, a business practice where organizations solicit bids from potential suppliers for a specific project or purchase.