Question: 1) This question has two parts; be sure to answer both. First, list and describe the three parts of compensation.Second, consider this situation: Fred earns

1) This question has two parts; be sure to answer both.

First, list and describe the three parts of compensation.Second, consider this situation: Fred earns a $47,000 yearly salary as the store manager of a local Burger Kings franchise. The owner of the franchise pays for medical and dental insurance for Fred and his family. In addition, Fred can earn a $1,100 bonus for each month the store exceeds $275,000 in revenue. Explain how Freds compensation breaks down into the three different parts of compensation.

2) You are the manager of your college's bookstore. Create a mission statement, a vision statement, and a values statement for the services you manage.

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