Compensation

"...nor shall private property be taken for public use, without just compensation", meaning that if the government does take away private property, it has to...

• pay you fair market value for the property.

• pay you the lowest value possible.

• sell your land like a real estate agent.

• buy you another property in a different location.

What is the primary purpose of compensation in the context of employment?

• To reward employees for their work

• To penalize employees for mistakes

• To ensure employees work overtime

• To provide employees with health benefits

Which of the following is a form of non-monetary compensation?

• Salary

• Health insurance

• Overtime pay

• Bonus

In the context of social studies, what does 'compensation' typically refer to?

• Payment for services

• Reimbursement for expenses

• Fair payment for loss or injury

• A gift or donation

Which historical document includes the phrase 'just compensation'?

• The Magna Carta

• The U.S. Constitution

• The Declaration of Independence

• The Bill of Rights

What is the role of compensation in labor relations?

• To create conflict between workers and employers

• To ensure fair treatment and payment for workers

• To reduce the number of employees

• To increase company profits

Which of the following is an example of direct compensation?

• Paid vacation

• Stock options

• Base salary

• Company car

What is the term for compensation given to employees in the form of company shares?

• Salary

• Equity

• Bonus

• Commission

How does compensation affect employee motivation?

• It decreases motivation

• It has no effect

• It can increase motivation

• It only affects new employees

What is the legal term for compensation required when private property is taken for public use?

• Eminent domain

• Just compensation

• Fair market value

• Public domain