Question

Which statement about compensation is accurate? Question 28 options: a) The gap between executive and employee pay has been shrinking steadily over the past two decades. b) Cost of living is generally not a factor when companies make compensation decisions. c) Housing allowances are part of the compensation package in many places. d) Expatriate employees typically receive no additional compensation over and beyond what they would be paid in their home countries. e) Year-end bonuses are almost unheard of outside of the United States

Answer 1

Answer: Housing allowances are part of the compensation package in many places

Explanation:

Compensation is the total cash and the non-cash payments which are given to employee in exchange for work done. Compensation is not an employee's regular paid wages but rather, it includes other forms of wages and benefits.

While different companies use different compensation packages, the common compensation plans are housing allowance, vacations, spousal employment help, help paying taxes etc.

The most accurate compensation plan given above is that housing allowances are part of the compensation package in many places.