Which of the following statements is TRUE about administering employee compensation?
A) Fixed cash compensation for work, independent of the number of hours worked, is termed as wages.
B) Cash payment based on an employee's unit of output is called salary.
C) Labor-Management Relations Act sets specific guidelines that employers must follow when administering salaries and wages.
D) Compensation comprises of direct payments such as wages or salary, and excludes indirect payments through employee benefits.
E) Compensation is dictated by prevailing conditions in the job market and the value each employee brings to the organization.

Question

Quizplus · Accepted Answer

A)In the broadest terms, compensation is dictated by prevailing conditions in the job market and the value each employee brings to the organization.
B)In the broadest terms, compensation is dictated by prevailing conditions in the job market and the value each employee brings to the organization.
C)In the broadest terms, compensation is dictated by prevailing conditions in the job market and the value each employee brings to the organization.
D)In the broadest terms, compensation is dictated by prevailing conditions in the job market and the value each employee brings to the organization.
E)In the broadest terms, compensation is dictated by prevailing conditions in the job market and the value each employee brings to the organization.

Which of the Following Statements Is TRUE About Administering Employee