Successfully Managing Compensation and Benefits in a Multinational Context

question 54

Multiple Choice

Successfully managing compensation and benefits in a multinational context:

• A) Requires knowledge of employment and taxation law,customs,environment,and employment practices of many foreign countries
• B) Requires the use of both the going rate approach and the balance sheet approach to international compensation
• C) Does not require familiarity with currency fluctuations
• D) Does not require the use of any kind of base salary

---

Definitions:

Koran

The holy book of Islam, considered by Muslims to be the word of God as revealed to the Prophet Muhammad.

Interest

The cost of borrowing money, typically expressed as an annual percentage rate, or the income earned from lending money.

Interest Rates

The cost, represented as a portion of the principal, that a borrower must pay to a lender for borrowing assets.

Present Value

The contemporary value of money or cash flows due in the future, calculated with a designated rate of return.