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Health insuranceCorporate-owned employee life insuranceCompany-paid financial planning for executivesEstate planningMCWhich of the follow25. Which of the following statements is true of the salary-only approach?23MCA compensation c
The salary-only approach is useful only when an organization is compensating experienced sales executives.The salary-only approach is not useful in compensating sales representatives who are new to a job.TFThe most prevale26. The most prevalent forms of organization-wide incentives are piece-rate systems, sales commissions, and individual bonuses.27. Merchandise, gift certificates, and travel are the most frequently used incentives for recognition awards.TFMerchandise, gift 28. A stock option plan gives employees the right to purchase an unlimited number of shares of company stock ata specified exercise price for a limited period of time.TFA stock option pla29. Compensation given to an executive if he or she is forcedto leave an organization is called golden parachute.TrueFalse27TFMerchandise, gift 28TFA stock option pla30
A draw is a system
30. A draw is a system in which sales representatives can draw advance payments against future commissions.