Which of the following is correct with regard to compensation?
A) The term "compensation" refers to a number of different elements, including base salary, incentives, bonuses, benefits, and other rewards that employees receive.
B) There is a general consensus in society that top managers deserve the high compensation they receive because their jobs are very complex and demanding.
C) The average hourly wage in manufacturing is lower than the average hourly wage in retailing.
D) Job evaluation is a method for determining whether a worker in a given job should be paid a wage or a salary.
E) All of these are correct.

Question

Quizplus · Accepted Answer

Compensation refers to a variety of rewards that employees receive, including base salary, incentives, bonuses, benefits, and other forms of payment.

B is incorrect because the issue of whether top managers deserve their high compensation is a matter of debate and not a general consensus in society.

C is irrelevant to the question of compensation elements.

D is incorrect because job evaluation is a method for comparing different jobs and determining their relative worth, not for determining whether a worker should receive a wage or salary.

Therefore, only A is the correct option.

Which of the Following Is Correct with Regard to Compensation