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Compensation Management
Wages Can be paid on
Hourly Basis
Daily basis
Weekly basis
All of above
Fair wages are
Less than minimum wages
More than minimum wages
Equal to minimum wages
Compensation is equal to
Financial rewardsf
Non Financial Rewards
Both Financial and Non Financial Rewards
Demand and supply of labour is
External factor affecting compensation
Internal factor affecting compensation
Gratuity is a
fringe Benefit
Perquisite
Both of above
Formula for calculating time wages is
N*R
T*R
N*T*R
0
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