Answer the following statements true (T) or false (F)
1. One of the factors that determines base pay is what competitors are paying.
2. Stock options are considered a benefit, as part of a compensation package.
3. Benefits are additional nonmonetary forms of compensation designed to enrich the lives of all employees in the organization, which are paid all or in part by the organization.
4. In the United States, benefits account for only about 10% of total employment compensation.
1. TRUE
The basic compensation is determined by all kinds of economic factors: the prevailing pay levels in a particular industry and location, what competitors are paying, whether the jobs are unionized, if the jobs are hazardous, what the individual's level is in the organization, and how much experience he or she has.
2. FALSE
Stock options are a type of incentive, rather than a benefit, used to induce employees to be more productive or to attract and retain top performers.
3. TRUE
Benefits, or fringe benefits, are additional nonmonetary forms of compensation designed to enrich the lives of all employees in the organization, which are paid all or in part by the organization.
4. FALSE
Benefits are no small part of an organization's costs. In December 2011, private industry spent an average of $28.57 per hour worked in employment compensation, of which wages and salaries accounted for 70.5% and benefits for the remaining 29.5%.
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Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1. Although the direct method is easier to use, the Financial Accounting Standards Board (FASB) prefers the indirect method of reporting cash flows from operating activities. 2. When preparing the statement of cash flows, the amount of net cash provided by operating activities differs between the direct and indirect methods. 3. The net cash provided by operating activities is calculated in the same way, whether the company uses the direct or the indirect method of preparing the statement of cash flows. 4. The cash flow from investing activities section appears exactly the same, whether the company uses the direct or the indirect method to prepare the statement of cash flows.
Reviewing the list of public relations functions found in Chapter 1, it is obvious that ________
A) public relations is best suited to assist nonprofit organizations B) public relations practitioners must work hard to keep their clients in the news C) public relations is largely a technical task D) public relations practitioners work with many diverse publics
In which of the following situations has the Pygmalion effect been utilized to increase motivation?
A. A manager demands that his employee improve his performance or prepare to be fired. B. A supervisor rewards his employee's excellent performance with a raise. C. An employee requests his manager for a flexible schedule. D. A manager tells all his employees that he expects much higher performance from them.