Companies can control costs by replacing annual merit or seniority increases or fixed salaries with which type of plans?
A) incentive
B) longevity pay
C) pay-for-knowledge pay
D) base pay
Answer: A
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Nathan agreed to list his property for sale with Broker Chan. In the listing agreement, Nathan specified Broker Chan is not authorized to accept a deposit towards the purchase price from the buyer. What happens if Broker Chan produces a buyer?
a. He must refuse to accept any deposit. b. He cannot present the offer as written. c. If he accepts a deposit, he holds it as an agent of the buyer until the offer is accepted by the seller. d. If he accepts a deposit and the buyer rescinds the offer prior to acceptance by the seller, Chan is entitled to one-half of the deposit.
Managers who are asked to go into a particularly unstable country or one with a very low standard of living often receive a bonus called ________
A) hardship pay B) performance-related pay C) stock options D) fringe benefits