Which of these reward systems is being applied by Steelweld?
Steelweld, a car parts manufacturer, pays employees a higher hourly rate as they learn to master more parts of the work process. Employees earn $10 per hour when they are hired and
they can earn up to $20 per hour if they master all 12 work units in the production process.
A. Skill-based pay
B. Piece-rate pay
C. Job evaluation system
D. Seniority-based pay
E. Membership-based pay
A. Skill-based pay
Skill-based pay plans are a specific variation of competency-based rewards in which people
receive higher pay based on their mastery of measurable skills. At Steelweld, as employees
learn to master more parts of the work process, they are paid a higher hourly rate.
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When considering outsourcing, what should firms be sure to avoid?
A. Giving the outsourcing partner opportunities to become a strong competitor B. Adverse corporate tax implications of asset transfers to the outsourcing partner C. Allowing outsourcing to develop into a substitute for innovation D. Losing control of noncore activities that don't distinguish the firm E. Allowing employees transferred to the outsourcing partner to rejoin the firm
Ruiz Co.'s budget includes the following credit sales for the current year: September, $145,000; October, $136,000; November, $120,000; December, $157,000. Credit sales are collected as follows: 15% in the month of sale, 50% in the first month after sale, and 35% in the second month after sale. How much cash can the company expect to collect in December as a result of current and past credit sales?
A. $107,600. B. $83,550. C. $131,150. D. $157,000. E. $23,550.
With regard to the terms quality control and quality assurance, ______.
a. quality control is concerned with the quality of a product or service after it is produced or delivered b. quality assurance aims to improve a product or service’s quality after it is produced or delivered c. quality control is concerned with the quality of a product or service before it is produced or delivered d. quality control is concerned with the application of government regulations governing quality
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A) investing, working capital management, and financing. B) financing, operations, and investing. C) working capital management, financing, and budgeting. D) capital budgeting, investing, and cash management.