You are the CEO of Blue Bay Motor Boat Company, a mid-size firm that manufactures speed boats. What incentive plan would you implement for the firm's engineers? What incentive plan would you implement for the firm's managers? Explain why
Indicate whether this statement is true or false.
Answer: Stock options, bonuses, and profit sharing would be appropriate for the engineers. Recognition-based awards and nonfinancial incentives would most likely encourage engineers to work hard as well. For executives, stock options, performance shares, stock plans, and golden parachutes are useful long-term incentives. Annual bonuses are useful in motivating the short-term performance of managers.
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If a landlord neglects to repair a serious defect, tenants may file a lawsuit for damages in
A. small claims court only B. either a small claims or superior court. C. bankruptcy court D. superior court only
In some countries, using gifts to assure success in sealing an agreement is an accepted way of doing business
Indicate whether the statement is true or false.