Which of the following is considered to be more effective than merit raises in motivating middle managers to increase output?
A) Wage inflation
B) A bonus system
C) A gainsharing plan
D) Pay for performance
E) Salary sacrifice
Answer: D
Explanation: D) Pay for performance (variable pay) goes to middle managers on the basis of companywide performance, business unit performance, personal record, or all three factors.
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In Year 1, Costello Company performed work for a customer and billed the customer $10,000. In Year 2, the customer pays Costello Company for the services it rendered in Year 1. In Year 1, the company incurred $3,000 of wage expense, but it did not pay the employees until Year 2. If Costello Company uses the cash-basis of accounting, then it will report
A) revenue of $10,000 and expense of $3,000 in Year 2. B) revenue of $10,000 in Year 1 and expense of $3,000 in Year 2. C) no revenue or expenses in either year. D) revenue of $10,000 and expense of $3,000 in Year 1. E) revenue of $10,000 in in Year 2 and expense of $3,000 in Year 1.
Shops and stores have a physical existence and as such are examples of marketspace
Indicate whether the statement is true or false