Knowee
Questions
Features
Study Tools

Multiple Choice QuestionA compensation plan refers to Blank______.Multiple choice question.the number of jobs available at a companyhow much people are paid for their workthe transfer of employees within a companyhow a company reduces environmental waste

Question

Multiple Choice QuestionA compensation plan refers to Blank______.Multiple choice question.the number of jobs available at a companyhow much people are paid for their workthe transfer of employees within a companyhow a company reduces environmental waste

🧐 Not the exact question you are looking for?Go ask a question

Solution

Sure, let's break down the question step by step to find the correct answer.

The question is: "A compensation plan refers to ______."

We have four multiple-choice options:

  1. the number of jobs available at a company
  2. how much people are paid for their work
  3. the transfer of employees within a company
  4. how a company reduces environmental waste

Let's analyze each option:

  1. The number of jobs available at a company: This refers to the job openings or vacancies within a company, not related to compensation.

  2. How much people are paid for their work: This directly relates to compensation, which is the payment or remuneration employees receive for their work.

  3. The transfer of employees within a company: This refers to internal mobility or reassignment of employees, not related to compensation.

  4. How a company reduces environmental waste: This pertains to environmental management practices, not related to compensation.

Based on the analysis, the correct answer is:

How much people are paid for their work

So, a compensation plan refers to how much people are paid for their work.

This problem has been solved

Similar Questions

Multiple Choice QuestionPay and benefits make up a worker's _______ plan.Multiple choice question.stock ownershipcommissionsalarycompensation

Multiple Choice QuestionWages are defined as ______.Multiple choice question.a form of compensation whereby a percentage of company profits is distributed to the employees whose work helped to generate themfinancial rewards based on the number of hours the employee works or the level of output achievedmonetary rewards offered by companies for exceptional performance as incentives to further increase productivityan incentive system that pays a fixed amount or a percentage of the employee's sales

Multiple Choice Question_____ are the financial rewards based on the number of hours an employee works.Multiple choice question.SalariesBenefitsWagesCommission

Multiple Choice QuestionMonies put aside by corporations and others for the retirement of their employees are called _____.Multiple choice question.cafeteria benefitsa pension fundcollaterala premium

Multiple Choice QuestionBecause a firm's entrepreneurs receive only the revenue left over after all other factors of production have been paid, they are considered Blank______.Multiple choice question.incentive functionsexecutivesstockholdersresidual claimants

1/3

Upgrade your grade with Knowee

Get personalized homework help. Review tough concepts in more detail, or go deeper into your topic by exploring other relevant questions.