Test Bank For Compensation 6th Edition By Yap (Complete And Verified Study material) (233pages) LEARNEXAMS

CHAPTER 1 TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false. 1) Paying executives based on company performance measures such as shareholder return can help keep executives focused on the best interests of the company ⊚ true ⊚ false 2) Compensation refers to all forms of non-financial returns and intangible services and benefits that employees receive as part of an employment relationship. ⊚ true ⊚ false 3) Total compensation includes psychological aspects of work such as recognition and status, challenging work, and learning opportunities. ⊚ true ⊚ false 4) Base pay is the cash compensation an employer pays for the work performed. ⊚ true ⊚ false 5) Cost-of-living adjustment refers to percentage increment to base pay provided to employees based on their performance.