The type of compensation plan that focuses on the difference between actual performance (sales, operating income, etc.) and budgeted performance refers to:
a. The use of the master budget for performance evaluation.
b. The use of flexible budgets for performance evaluation.
c. The use of a fixed-performance contract.
d. The use of a Kaizen forecast.
e. The use of "rolling financial forecasts."
c. The use of a fixed-performance contract.
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In California, an agent could have a listing and an option on the same property at the same time. What special requirements with this place on the agent one wanting to exercise the option?
a. To disclose any other offers that are available. b. To reveal any profit the agent tends to make. c. To get the sellers written consent before exercising the option. d. All of the above.
Open pay policies tend to lead to greater dissatisfaction among employees as employees compare compensation with each other
Indicate whether this statement is true or false.