At Dortix, a manufacturing company, at the end of every quarter, the total production of each department is calculated and compared with the predetermined targets; the rewards for each set of divisional employees are determined this way
Dortix uses a ________ plan to incentivize its employees.
A) profit sharing
B) gainsharing
C) core-plus
D) modular
E) bonus
B
Explanation: B) Gainsharing is a formula-based group incentive plan that uses improvements in group productivity from one period to another to determine the total amount of money allocated. Because the benefits accrue to groups of workers, high-performing workers pressure weaker performers to work harder, improving performance for the group as a whole.
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An adjusting entry is completed ________
A) at the beginning of the accounting period B) at the end of the accounting period C) when the balance sheet is prepared D) when accounts need to be balanced in the ledger
________ are typically bound by tradition and are the last to adopt an innovation
A) Innovators B) Early majority adopters C) Late majority adopters D) Laggards E) Impulse buyers