Which of the following terms refers to an incentive plan that ties a group's pay to the firm's profitability?

A) piecework
B) variable pay
C) pay-for-performance
D) merit pay

Answer: B

Business

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Assume that Baps Corporation is considering the establishment of a subsidiary in Norway. The initial investment required by the parent is $5,000,000. If the project is undertaken, Baps would terminate the project after four years. Baps' cost of capital is 13%, and the project is of the same risk as Baps' existing projects. All cash flows generated from the project will be remitted to the parent at the end of each year. Listed below are the estimated cash flows the Norwegian subsidiary will generate over the project's lifetime in Norwegian kroner (NOK):

a. ?$803,848. b. $5,803,848. c. $1,048,829. d. none of the above

Business

Quantitative analysis is ________

Fill in the blanks with correct word

Business