Senior management in your organization wants you to explain to the board of directors the key concept that makes compensation systems work. It would be correct to tell them that the ideal compensation system must
A) keep labor costs as low as possible.
B) provide for employees needs while keeping labor costs within reasonable limits.
C) pay the highest wages in the industry.
D) encourage employees to work for as little as possible to keep company profits as high as possible.
E) focus attention on benefits rather than on salaries, which are kept low on purpose.
Question 2 - The best employers do not go beyond the law when it comes to providing a good working environment to employees.
Indicate whether the statement is true or false
Question 3 - ABC Company wants to be prepared for the ASEAN free trade area. The company plans to develop its own production and marketing facilities in one or more ASEAN countries. The best choice for ABC Company is
A) a joint venture.
B) a licensing agreement.
C) totally owned facilities.
D) exporting.
E) sales offices.
Question 4 - Mystarbucksidea.com is an example of a ____ site.
A) social networking
B) crowdsourcing
C) gaming
D) blogging
E) podcast
Question 5 - ____ is the pay that employees receive in return for their labor.
A) Merit pay
B) Incentive pay
C) Comparable worth
D) Commission
E) Compensation
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