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Explain the two most important functions that compensation contracts should be able to handle and reflect. Terms such as; a) motivation, b) risk profile and sharing, c) fairness, d) 'compensating differential' as well e) 'trade-off' (in connection with the above) is expected to be involved

Explain the two most important functions that compensation contracts should be able to handle and reflect. Terms such as; a) motivation, b) risk profile and sharing, c) fairness, d) 'compensating differential' as well e) 'trade-off' (in connection with the above) is expected to be involved

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Explain the two most important functions that compensation contracts should be able to handle and reflect. Terms such as;
a) motivation,
b) risk profile and sharing,
c) fairness,
d) 'compensating differential' as well
e) 'trade-off' (in connection with the above)
is expected to be involved.
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