The term --------refers to both the financial and nonfinancial rewards organizations give employees in exchange for their work.
A) wages
B)value-added
C) compensation
D) salaries
E) fees

Question

The term --------refers to both the financial and nonfinancial rewards organizations give employees in exchange for their work. 
A) wages
B)value-added
C) compensation
D) salaries
E) fees

Quizplus · Accepted Answer

Compensation is a term that encompasses all rewards, both monetary and non-monetary, that employees receive for their work. Wages and salaries specifically refer to the monetary rewards, while compensation includes those as well as benefits like health insurance, retirement plans, and paid time off. Value-added and fees are not related to employee rewards or compensation.

The Term --------Refers to Both the Financial and Nonfinancial Rewards