As a product promoter, Emilia receives a commission on every sale made as a result of her presentations. However, part of her job also is to keep the area around her display neat and to return the items she promotes to their correct locations following demonstrations. Since Emilia does not get a bonus for cleaning up, she leaves her area messy and does not put away items following demonstrations. Which disadvantage of individual incentives does this illustrate?
A. Many jobs have no direct output.
B. Individual incentives may motivate undesirable employee behaviors.
C. The record-keeping burden needed for individual incentives is high.
D. Individual incentives may not fit organizational culture.
B. Individual incentives may motivate undesirable employee behaviors.
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All of the following statements are true except:
a. U.S. standards do not require a classified balance sheet. b. IFRS require companies to present classified balance sheets. c. Under IFRS, an unclassified balance sheet based on the order of liquidity is acceptable only when it provides more reliable information than a classified one. d. U.S. standards require a classified balance sheet with liabilities in order by size or by order of liquidity.
If Geoff makes a fraudulent statement about his medical history and fails to disclose relevant facts about his medical history in his application for insurance, the insurance company ________.
A. cannot consider the contract voidable B. has a right to cancel Geoff's policy C. has to adjust the benefits payable at Geoff's discretion D. cannot cancel the policy unless Geoff misrepresented his age as well
Janice would like to send her parents on a cruise for their 25th wedding anniversary. She has priced the cruise at $15,000, and she has 5 years to accumulate this money. How much must Janice deposit annually in an account paying 10 percent interest in order to have enough money to send her parents on the cruise?
A) $1,862 B) $2,457 C) $3,000 D) $2,234
Depreciation is an allocation method, not a valuation method.
Answer the following statement true (T) or false (F)