In 1932, the U

question 71

Multiple Choice

In 1932, the U.S. government imposed a two-cent tax on checks written on deposits in bank accounts. This action would be expected to ______ the currency-deposit ratio and ______ the money supply.

• A) increase; increase
• B) increase; decrease
• C) decrease; increase
• D) decrease; decrease

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Definitions:

Effective Compensation

Compensation strategies that are fair, competitive, and aligned with the organization's goals, thereby motivating employees.

Compensation Mix

The combination of direct compensation (like salary and wages) and indirect compensation (such as benefits) that an employee receives.

Reward Strategy

A plan designed by an organization to recognize and provide incentives to employees for their work and achievements through financial and non-financial means.

Compensation Strategy

A plan or approach for determining how employees will be rewarded for their work, including salaries, bonuses, and benefits.