According to the textbook, what is the definition of a compensation system?

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a

It is the economic or monetary part of the reward system.

b

It is the plan for the mix and total amount of base pay, performance pay, and indirect pay to be paid to various categories of employees.

c

It is the pay component usually based on some unit of time worked.

d

It is the philosophy that considers the entire spectrum of rewards that an organization may offer to employees.

only option bo explanation