UNDERSTANDING BUSINESS (LL) W/ CONNECT
12th Edition
ISBN: 9781260923315
Author: Nickels
Publisher: MCG CUSTOM
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Question
Chapter 12, Problem 5TP
Summary Introduction
To discuss: The difference in the pay given to top executives in US Country with the top executives in other countries.
Introduction: Top executives in an organization are the individuals that hold the most responsibilities of all the business actions. The different titles of top executives in an organization are the chairman of the company, its directors, president and officers.
Expert Solution & Answer
Answer to Problem 5TP
The top executives in US Country can be differentiated with the top executives in other countries on the basis of the fraction of money or premium paid to the executives in US Country as compared to the other countries.
Explanation of Solution
The pay of the top level executive in US Country is far greater than the pay given to the top executives in other countries of the world. For example, the Chief Executive officer (CEO) in E Country can earn only a 40% fraction of the total pay given to the top level executive in the US Country counterparts.
- The range of pay of executives is far above is the pay given to the top executives in US Country.
- The risk lovers in US Country are paid more to take the risk associated with the investments make in securities.
- Moreover, the top level executives in US Country receive higher pay than the executives in other countries in the form of stocks as well as options.
Conclusion
Therefore, the pay of top executives in US Country can be compared to the top executives in other countries of the world, as the pay of executives in US Country is much greater than the pay of executives in other countries of the world.
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Chapter 12 Solutions
UNDERSTANDING BUSINESS (LL) W/ CONNECT
Ch. 12.1 - Prob. 12.1AQCh. 12.4 - Prob. 12.4AQCh. 12.4 - Prob. 12.4BQCh. 12.4 - Prob. 1MEDCh. 12.4 - Prob. 1TPCh. 12.4 - Prob. 2TPCh. 12.4 - Prob. 3TPCh. 12.4 - Prob. 4TPCh. 12.5 - Prob. 12.5AQCh. 12.5 - Prob. 12.5BQ
Ch. 12.5 - Prob. 12.5CQCh. 12 - Prob. 5TPCh. 12 - Prob. 6TPCh. 12 - Prob. 7TPCh. 12 - Prob. 8TPCh. 12 - Prob. 1CECh. 12 - Prob. 2CECh. 12 - Prob. 3CECh. 12 - Prob. 1CTCh. 12 - Prob. 2CTCh. 12 - Prob. 3CTCh. 12 - Prob. 1DCSCh. 12 - Prob. 2DCSCh. 12 - Prob. 3DCSCh. 12 - Prob. 4DCSCh. 12 - Prob. 5DCSCh. 12 - Prob. 1PPTCh. 12 - Prob. 1VCCh. 12 - Prob. 2VCCh. 12 - Prob. 3VC
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Similar questions
- How do wages of employees depend on years of experience, years of education, and gender?arrow_forwardHow does Human capital theory explain gender differences in wages?arrow_forwardWhich reward/pay systems are more acceptable to employees: stock, bonuses, or salaries? Why do you think that?arrow_forward
- What are the legally required benefit programs and explain three of them (e.g., Social Security Program, Family Medical Leave, and Workers’ Compensation)arrow_forwardWhat are some legal issues related to the benefits program for part-time employees?arrow_forwardWhat benefits are mandated by law ? What are the most common benefits not mandated by law? What are the purposes of employee benefit programs?arrow_forward
- How are benefits designed for employees? Explain the types of benefits that are offered by employers. Should all employers have to offer benefits?arrow_forwardPlease describe at least two disadvantages of a commission plan of compensation. Please respond in 50 words or less.arrow_forward1. You will be asked to evaluate whether a company’s pay structure is fair to women and minorities. How would you go about answering this question?2. You have been asked to evaluate whether your organization’s current pay structure makes sense in view of what competing organizations are paying. How would you determine what organizations to compare your organization with? Why might your organization’s pay structure differ from those in competing organizations?3. Why do employers offer benefits? Is it because the law requires it, because it makes good business sense, or because it is the right thing to do? How much responsibility should employers have for the health and well-being of their employees? Take the perspective of both a shareholder and an employee in answering this kind of question.4. If you were advising a new company on how to design its health care plan, what would you recommend?arrow_forward
- What if we have a very ambitious employee-- one who does not presently possess the skills needed-- can we raise this person up to become the best person for the job?arrow_forwardBriefly explain the importance of organizations having good compensation and benefitsplans for their employees.arrow_forwardIn today’s modern society, it is hard to believe that there is still an issue of discrepancy in wages between men and women. In 1963, The Equal Pay Act was created so that all employers awarded pay equally to men and women if it is determined that their jobs have equal responsibilities and require the same skills. Please explain the current issues of unequal pay in healthcare. Please add 3 peer-revied references in your responsearrow_forward
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