When she is not working, Shelby trains to run marathons. She wishes she had more time to travel to various races, but work keeps her busy. Kevin does not want time off work. He needs to earn as much overtime as possible to pay off his college loans. The company recently offered either a week’s pay or a week off as the bonus to the salesperson who made the most sales. Both Shelby and Marcus worked hard to win. Which advantage of individual incentives does this illustrate?
A. Easy to evaluate individual employees
B. Ability to match rewards to employee desires
C. Promotes the link between performance and results
D. May motivate less productive employees to work harder
E. None of the above
B. Ability to match rewards to employee desires
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Administrative agencies ________.
A. are better suited to using the slower, case-by-case approach followed by the courts and the cumbersome law-making process that frequently characterizes legislation B. cannot perform legislative and judicial functions C. cannot adjudicate disputes involving alleged violations of their regulations D. can investigate and prosecute violations of statutes and regulations
These independent companies had the following transactions:
a. Long Corporation issued 4,500 shares of its $6 stated value common stock to Jack Smith Realty in exchange for land with a market value of $50,000 b. Short Corporation received $115,000 cash for 10,000 shares of its $10 par preferred stock c. Middle Corporation issued 7,000 shares of its no-par common stock at $15 per share a. Long Corporation issued 4,500 shares of its $6 stated value common stock to Jack Smith Realty in exchange for land with a market value of $50,000 b. Short Corporation received $115,000 cash for 10,000 shares of its $10 par preferred stock c. Middle Corporation issued 7,000 shares of its no-par common stock at $15 per share Requirement: Prepare the journal entries for these transactions. Use proper account titles and omit explanations.
To be successful, leaders need to design control systems that ______.
a. include both rewards and punishments b. are not too rigid, excessive, or intrusive c. that are aligned with the firm’s mission and the leader’s vision and strategic goals d. are low in cost to implement so that an organization can maintain its competitive advantage.
Which of the following is NOT true of the parts of a business report?
a. The table of figures includes a reference to each figure that appears in the report. b. The table of contents gives the reader an overview of the report. c. The executive summary summarizes the essential elements of the entire report. d. The appendix includes the references and the index.