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Compensation and Benefits Quiz

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1. What do we mean by 'compensation' in the context of human resources?

2. What is the primary purpose of offering employee benefits?

3. How do performance bonuses motivate employees?

4. What role does compensation play in employee satisfaction?

5. Which type of benefit typically includes vacation and holiday pay, as well as paid absence for personal reasons?

6. In the context of compensation, what does 'equity' refer to?

7. What does a 'defined benefit plan' refer to in terms of employee retirement benefits?

8. What is 'indirect compensation' in the context of employee pay?

9. Which among the following is typically included in an employee's 'fringe benefits'?

10. What is 'differential pay' in the context of employee compensation?