In incentive pay, performance measures are primarily based on
A. company profits.
B. production costs.
C. individual productivity.
D. a supervisor's appraisal.
E. company stock returns.
Answer: C
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Durable Ceramics, Inc., provides inexpensive ceramic tile to builders of institutional buildings such as schools, prisons, and public administration buildings. It has always competed on a cost leadership basis. Most of its products are purchased by a few commercial construction firms, so it is fairly dependent on these construction firms for selling its product. Durable Ceramics' next-most-efficient competitor, Cost-Less Ceramics, Inc., earns average returns, whereas Durable earns above-average returns. The commercial construction firms are putting pressure on Durable to reduce its prices. If Durable reduces its prices below those of Cost-Less's prices, it is likely that:
A. both Durable and Cost-Less will devise additional ways to become more efficient in their production processes. B. Durable will be unable to absorb the lower cost and will go out of business. C. both Cost-Less and Durable will go out of business, leaving the customers with fewer alternative sources of low-cost tile. D. Cost-Less will go out of business, and Durable will gain higher power over its customers.
Preferred stock is considered the residual equity of a corporation
Indicate whether the statement is true or false
Which of the following is LEAST likely an example of customer service?
A. Next-day delivery B. Free gift wrapping C. Five-year warranty D. Covered parking E. Wholesale price
In its first year of operations, 1980, the Gourmet Cheese Shoppe had earning per share of $0.26. Four years later, in 1984, EPS was up to $0.38, and 7 years after that, in 1991, EPS was up to $0.535
It appears that the first four years represented a supernormal growth situation and since then a more normal growth rate has been sustained. What are the rates of growth for the earlier period and for the later period? (Round to the nearest whole number) A) 6%; 5% B) 6%; 3% C) 10%; 8% D) 10%; 5% E) 12%; 7%