Checkup 2 Flashcards
Both the employer and employee expect to be ____________________ for their labor.
compensated
Money and other benefits received by employees in return for work are called ________________________.
compensation
Some of the other benefits received in return for work may be in either _____________________ or ___________________ form.
tangible; intangible
The term _______________ is most often applied to the pay of _____________________.
salary; management
Wages are the earnings of _____________________________ personnel.
nonsupervisory
Salary and wages are the most obvious forms of compensation one receives in return for _____________.
work
The level of pay a person receives is usually related to the _______________________ necessary to accomplish the task and to the _______________________________ with the required qualifications.
education and skill; availability of people
A high level of skill (is, is not) a sufficient condition for securing employment.
is not
The existence and amounts of compensation forms other than salary and wages vary ______________ among business firms.
considerably
Employee holidays is fairly standard among companies, but vacation time will ___________.
vary
__________________ often provide insurance plans for employees.
Employers
A benefit of increasing importance is a _________________________.
retirement program
An __________________ employment benefit is job satisfaction.
intangible
__________________ and _____________________ influence employment opportunity.
Supply and demand
Salary level is ________________ by supply and demand.
influence
