BUSINESS ADMINISTRATION
BUSINESS ENVIRONMENT
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Question
[CLICK ON ANY CHOICE TO KNOW THE RIGHT ANSWER]
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____ are comprised of those who work for another or for an employer in exchange of salaries/wages or other considerations.
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Customers
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Employees
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Stakeholders
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Suppliers
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Explanation:
Detailed explanation-1: -A person who works for some other person and gets paid for it in the form of wages or salary is an Employee or an Labour.
Detailed explanation-2: -Compensation could be given to employees in the way of wages, salaries, benefits, bonuses, paid leaves, pension funds, stock options, equities, or any other form of payment for their contribution towards the business’s growth.
Detailed explanation-3: -Compensation of employees refers to the factor income earned by labour in exchange of their factor services. Its components are Wages and Salaries, Employers’ contribution to social security and Retirement Pension.
There is 1 question to complete.