Test Bank for Compensation 6th Canadian Edition Yap

TEST BANK COMPENSATION
6TH CANADIAN EDITION YAP

, Student name:__________
TRUE/FALSE - Write 'T' if the statement is true and 'F' if the statement is false.
1) Paying executives based on company performance measures such as shareholder return can
help keep executives focused on the best interests of the company
⊚ true
⊚ false

2) Compensation refers to all forms of non-financial returns and intangible services and benefits
that employees receive as part of an employment relationship.
⊚ true
⊚ false

3) Total compensation includes psychological aspects of work such as recognition and status,
challenging work, and learning opportunities.
⊚ true
⊚ false

4) Base pay is the cash compensation an employer pays for the work performed.
⊚ true
⊚ false

5) Cost-of-living adjustment refers to percentage increment to base pay provided to employees
based on their performance.
⊚ true
⊚ false

6) Incentives may be long-term or short-term.
⊚ true
⊚ false

7) Total compensation only includes salary and incentives; not benefits.
⊚ true
⊚ false

8) Making contributions to Workers' Compensation is at discretion of the employer.
⊚ true
⊚ false