Salary surveys A) maintain internal equity
B) ensure that employees find the pay rates fair
C) monitor and maintain external equity
D) maintain individual equity

1) Which of the following terms refers to all forms of pay or rewards going to employees and

arising from their employment?

A) salary

B) employee benefits

C) wage reimbursement

D) employee compensation

D

Explanation: D) Employee compensation refers to all forms of pay going to employees and

arising from their employment. It has two main components, direct financial payments (wages,

salaries, incentives, commissions, and bonuses) and indirect financial payments (financial

benefits like employer-paid insurance and vacations).

Difficulty: Easy

Chapter: 11

Objective: 1

AACSB: Analytical Thinking

Learning Outcome: 11.1 List the basic factors determining pay rates.

2) Which of the following is NOT a type of direct financial payment?

A) wages

B) insurance

C) incentives

D) commissions

B

Explanation: B) Employee compensation refers to all forms of pay going to employees and

arising from their employment. It has two main components, direct financial payments (wages,

salaries, incentives, commissions, and bonuses) and indirect financial payments (financial

benefits like employer-paid insurance and vacations).

Difficulty: Easy

Chapter: 11

Objective: 1

AACSB: Analytical Thinking

Learning Outcome: 11.1 List the basic factors determining pay

Explanation:

wheres the chart? so i can answer.