__________ refers to all monetary payments and all goods or commodities used in lieu of money to reward employees.

Question

Quizplus · Accepted Answer

Compensation refers to all forms of monetary and non-monetary rewards provided to employees in exchange for their work. This includes base pay, bonuses, benefits, and any other forms of tangible rewards. Wages (C) typically refer to hourly or weekly pay that employees receive in exchange for their labor. Incentive pay (D) refers to additional compensation provided to employees as an incentive to motivate or reward them for achieving specific performance goals. A point system (E) is a non-monetary reward program where employees earn points for certain achievements and can redeem those points for rewards.

__________ Refers to All Monetary Payments and All Goods or Commodities