What are the two basic requirements of an effective incentive pay plan?
What will be an ideal response?
There are two basic requirements for an effective incentive plan. First, if incentives are based on performance, employees must believe their performance and the performance of other employees are accurately and fairly evaluated. Second, incentives must be based on performance. Employees must believe there is a relationship between what they do and what they get.
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Bonds issued at the same time so that they all have the same maturity date are called secured bonds
Indicate whether the statement is true or false
The management functions of planning, control, and decision making all are facilitated by an understanding of cost-volume-profit relationships.
Answer the following statement true (T) or false (F)
At a minimum, a milestone will have a duration of at least one day
Indicate whether the statement is true or false
Companies that issue bonds are required to pay the face value of the bonds at maturity and to make fluctuating periodic interest payments based on the market interest rate.
Answer the following statement true (T) or false (F)