MULTIPLE CHOICE
1.__________ is compensation received in the form of salary, wages, commissions, stock options, or bonuses.
a.Direct financial compensationc.Incentive pay
b.Benefitsd.Indirect financial compensation
2.__________ is/are the largest element of base compensation.
a.Direct financial compensationc.Incentive pay
b.Benefitsd.Indirect financial compensation
3.__________ include(s) all the tangible and financially valued rewards that are not included in direct compensation, including free meals, vacation time, and health insurance.
a.Direct financial compensationc.Incentive pay
b.Benefitsd.Indirect financial compensation
4.Indirect financial compensation is also referred to as __________.
a.direct financial compensationc.incentive pay
b.benefitsd.indirect financial compensation
5.__________ is a popular form of indirect compensation.
a.Direct financial compensationc.Incentive pay
b.Benefitsd.Indirect financial compensation
6.__________ includes casual dress codes and flexible work hours.
a.Direct financial compensationc.Incentive pay
b.Nonfinancial compensationd.Indirect financial compensation
7.Development opportunities can be considered a type of __________.
a.direct financial compensationc.incentive pay
b.nonfinancial compensationd.indirect financial compensation
8.__________ typically reflects the size and scope of an employee’s responsibilities.
a.Incentive payc.Severance pay
b.Base payd.Benefits
9.__________ is typically reviewed annually in light of an individual’s performance and experience, competitive trends, and the geographic location of the job.
a.Incentive payc.Severance pay
b.Base payd.Total rewards
10.Julie has just been laid off from her job, and her company has agreed to pay her $15,000 for each year she was with the company. This is an example of __________.
a.incentive payc.severance pay
b.base payd.total rewards