Which of the following is true about human capital theory?
A. It assumes that people are paid at the value of their reservation wage, not marginal product.
B. It assumes that high wages lower labour costs if they reduce the need to supervise employees.
C. It assumes employers deliberately design pay levels to signal desired employee behaviours.
D. It assumes that improving productivity by investing in training will increase one's marginal product.
E. It assumes that job seekers have a reservation wage level below which they will not accept a job offer.
Answer: D
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Which of the following is not a feature of special journals?
A. They are efficient tools in helping journalize and post transactions. B. They allow posting of amounts as column totals rather than as individual amounts. C. They eliminate the need for a general journal. D. They are used for the most common transactions. E. They produce an efficient division of labor.
If a corporation has issued common stock at various prices that exceed par value, legal capital will be made up of the
A) par value of the shares issued. B) total stockholders' equity plus total liabilities. C) total amount of contributed capital. D) total amount of contributed capital plus retained earnings.
When determining why an employee is not performing up to potential, a manager should use the performance formula, which is ______.
A. Performance = Ability ? Motivation ? Resources B. Performance = Ability ? Coaching C. Performance = Willingness ? Limitations ? Resources D. Performance = Motivation ? Coaching E. Performance = Motivation ? Resources
Unlike other forms of promotion, ________ is intended to stimulate immediate action rather than build long-term loyalty from a customer
A) sales promotion B) guerrilla marketing C) advertising D) word-of-mouth communication E) personal selling