________ refer to one-time payments for meeting previously established performance objectives.
A. Cost-of-living adjustments
B. Merit increments
C. Incentives
D. Allowances
E. Relational returns
Answer: C
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When a dividend is not declared on preferred stock, and the common shareholders cannot receive a dividend until all past and current dividends are paid to the preferred shareholders, the preferred stock is:
A. nonparticipating. B. participating. C. noncumulative. D. cumulative.
For a bond issue that sells for more than its face value, the market rate of interest is
a. less than the rate stated on the bond. b. equal to the rate stated on the bond. c. dependent on the rate stated on the bond. d. higher than the rate stated on the bond.
Horton Company reports the following: Contributed Capital $ 200 Total Revenues $ 800 Total Liabilities $1,200 Beginning Retained Earnings ($ 100) Total Expenses $ 500 Dividends $ 0 What are Total Assets?
a. $2,600 b. $1,600 c. $1,400 d. $1,000 e. $800
Jenny, an employee of Toucan Company, used company assets for her own personal gain. This is an example of:
A. employment perks. B. fraud. C. internal control. D. employee advance. E. ethics.