Briefly describe the differing components that make up total compensation for an employee?
What will be an ideal response?
1. Base Pay
2. Merit pay
3. Short-term incentives (e.g. bonuses, gain sharing, goals sharing, small-group incentives, and profit sharing)
4. Long-term incentives (e.g. organization stock, options to buy organization stock, or phantom [make-believe] stock)
5. Perquisites (e.g. executive dining rooms, first-class or corporate jet air travel, and club memberships)
6. Recognition awards
7. Attraction/retention awards (e.g. cash, stock options, benefits, or adjustments to benefits rules)
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The par value of common stock must always be equal to its market value on the date the stock is issued
a. True b. False Indicate whether the statement is true or false
A bank is said to have ____ when its average costs decline as its volume of sales increases.
A. economies of scope. B. economies of scale. C. cost diminution. D. decreasing returns to scale.
Glick Company purchased oil rights on July 1, Year 1 for $2,400,000. A total of 200,000 barrels of oil are expected to be extracted over the assets life, and 30,000 barrels are extracted and sold in Year 1. Which of the following correctly summarizes the effect of the Year 1 depletion expense on the elements of the financial statements?
A. A decrease in stockholders' equity of $200,000 B. An increase in stockholders' equity of $400,000 C. A decrease in assets of $360,000 D. A decrease in assets of $300,000
Defend or refute: although personal attributes are important, it is the leader's skills that are most important in addressing organizational problems.
What will be an ideal response?