Why is line of sight important?
What will be an ideal response?
Line of sight means that the employee perceives that there is a "real" linkage between his or her performance and the rewards received. In the case of extrinsic rewards, organizations need to have systems that clearly tie rewards to desired performance.
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Under the gross-price method, the difference between the original amount due and the cash paid is credited to Purchases Discount
Indicate whether the statement is true or false
The cost of capital is the cost a company bears to obtain external financing. A company's cost of capital is critical because it determines which long-term projects are profitable for the entity to undertake. The higher the cost to obtain funds, the
fewer the long-term projects are profitable for a company to pursue. Required: Explain the role of financial statements generally and the roles of the FASB, the AICPA, the SEC, and the IASB in lowering the cost of capital.
Which of the following is included in the internal control procedure—documents?
A) Mandatory vacations will improve internal control. B) Separate the custody of assets from accounting. C) The invoices and orders must be pre-numbered. D) A company should purchase a fireproof vault to protect legal documents.
The expectations theory postulates that the term structure of interest rates is based on expectations regarding future inflation rates.
Answer the following statement true (T) or false (F)