Lincoln electric and 3M are highlighted in the textbook for their approaches to compensation for their employees.
a. When it comes to compensation, in these companies
b. they reward similar behaviors.
c. they are mostly concerned with lowering the market pay.
d. while there is some variance between how these companies value particular activities or levels of performance, both companies pay at the market wage.
e. they reward different behaviors.
Ans: e. they reward different behaviors.
You might also like to view...
Classification of costs Using the code letters below, indicate in the space provided how each of the following costs should be classified in the indicated manufacturing company:
Costs ____ (a) Research and development costs incurred by Martin, manufacturer of derailleurs, brakes, and other component parts for bicycles in its efforts to develop new products. ____ (b) Salaries paid by Martin to the plant managers supervising production operations. ____ (c) An inventory of Martin Group 105 components purchased by Earl Bicycle Corporation for use in the manufacture of Earl's Model 1200 aluminum bicycle. ____ (d) An inventory of Model 1200 bicycle frames manufactured by Earl. Prior to sale, these frames will be painted and equipped with derailleurs, brakes, and other component parts. ____ (e) Salaries paid by Earl to its sales personnel. ____ (f) Salaries paid by Earl to employees who install derailleurs, brakes, and other component parts on the bicycle frames. ____ (g) An inventory of Martin Group 105 derailleurs awaiting sale to customers. What will be an ideal response?
The break-even point in units is:
A) total costs divided by variable costs per unit. B) contribution margin per unit divided by revenue per unit. C) fixed costs divided by contribution margin per unit. D) (fixed costs plus variable costs) divided by contribution margin per unit.