In Order to Do a Good Job Determining Employee Compensation

question 261

Multiple Choice

In order to do a good job determining employee compensation levels,an organisation must balance:

• A)internal equity.
• B)external equity.
• C)both A and B.
• D)none of the above.

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Definitions:

Budget Report

A financial document that compares planned financial outcomes with the actual figures, helping in managing resources and achieving financial objectives.

Planned Objectives

The specific goals set by a business or organization to guide its operations and strategic planning.

Budget Difference

The variance between the budgeted or planned amount of expense or revenue, and the actual amount incurred or earned.

Static Budget

A budget that remains unchanged over a period of time, regardless of changes in factors like sales volume or revenue.