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An Obscure Neurologist in Vienna,Austria,came to the Conclusion That His

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An obscure neurologist in Vienna,Austria,came to the conclusion that his patient's symptoms had mental rather than physical causes.From this insight,his broad theory of personality evolved.The neurologist was:

Comprehend the various compensation strategies including pay-for-knowledge, stock-option plans, and open pay systems and their impact on organizational behavior.
Recognize different job evaluation methods and their application in setting compensations.
Identify the types of benefits such as perquisites, life-cycle benefits, and employee assistance plans, and their significance in employee compensation.
Grasp the importance of pay transparency and pay secrecy and their effects on workplace dynamics.

Definitions:

Option Agreement

A share transfer restriction granting a corporation or its shareholders an option to buy a selling shareholder’s shares at a price determined by the agreement.

Buy-and-Sell Agreement

a legally binding agreement between co-owners that outlines what will happen to an owner’s share of the business if they depart the business due to death or any other reason.

De Facto Corporation

A business that operates as if it were a corporation although it has not completed the formalities required for legal incorporation.

Organization Meeting

An initial meeting held to complete the formation of an entity, where bylaws are adopted, officers elected, and other organizational matters decided.

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