Why is giving an employee a rating preferred to a ranking?
What will be an ideal response?
A rating system is more pertinent to the employee’s actual job duties and
expectations within the company. Ranking systems are problematic because they
separate the employee from their actual job, and depending on the unit, they can result
in poor rankings for very good employees.
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The ________ makes it unlawful to discriminate in prices charged to different purchasers of the same product, where the effect may substantially lessen competition or help to create a monopoly.
A. Fair Trade Act B. Robinson-Patman Act C. Lanham Act D. Unfair Practices Act E. Clayton Act
The entry to record a purchase of $6,000 in merchandise assuming terms of 2/10, n/30 and a periodic inventory system would include a(n)
a. increase to Accounts Payable for $6,000. b. increase to Purchases Discounts for $120. c. decrease to Purchases for $6,000. d. decrease to Accounts Payable for $5,880.
Which of the following is the most logical reason that many organizations rely heavily on personal selling?
A) to make more efficient use of the promotional mix B) to quickly move a product to the maturity stage of the product life cycle C) to create consistent marketing communications D) to more effectively sell highly technical or very expensive products E) to decrease promotional expenditures
Answer the following statements true (T) or false (F)
Financial reporting is independent of the legal system of a nation.