Which of the following statements correctly describes management compensation options?
A)Managers do not receive fixed salaries;instead their compensation is based on bonuses and incentives.
B)Perks (perquisites)were eliminated as part of the Sarbanes-Oxley Act.
C)Bonuses are typically awarded for meeting or achieving specific goals.
D)Stock options and awards are part of fixed salary compensation.

Question

Quizplus · Accepted Answer

Bonuses are typically awarded for meeting or achieving specific goals. While managers may receive bonuses and incentives, they may also have a fixed salary. Stock options and awards are not necessarily part of fixed salary compensation, as they are often given as additional compensation or incentives. Perks may have been limited by the Sarbanes-Oxley Act, but not necessarily eliminated entirely.

Which of the Following Statements Correctly Describes Management Compensation Options