This term refers to the minimum pay increase that employees view as a significant change in their compensation amount
A) halo effect increase
B) minimal pay incident
C) just-meaningful pay increase
D) satisfactory compensation payment
Answer: C
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Stored-value cards that are issued by a specific merchant or merchant group and that can only be used to make purchases from that merchant or merchant group are called
A) open-loop cards. B) closed-loop cards. C) merchant-specific cards. D) designated cards.
The following information has been provided by Hall Company:
5,000 units were produced last year. The material price variance was $16,800 favorable. The material quantity variance was $8,000 unfavorable. 10,500 feet of direct material was purchased and used. The standard price of the direct material was $4 per foot. What was the actual cost per foot of direct materials? A) $2.40 B) $3.24 C) $5.60 D) $4.00