Why are team-based reward systems becoming more widely used?
What will be an ideal response?
Team-based reward systems are becoming more widely used because more companies are being designed around, or are using, teams. Individual pay-for-performance reward systems don't properly fit in these organizations. Rewarding individual performance increases competition amongst team members (disharmony), and there is a tendency to place individual goals above team goals.
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Indicate whether the statement is true or false
Which of the following is the role of an internal auditor in an organization?
a. to establish the controls for the organization b. to write the code of ethical business conduct for the organization c. to test the system of internal controls in order to attest that there are no material weaknesses d. to assist management with the evaluation of internal controls currently in place
Liabilities are creditors' claims for funds, usually because they have provided funds, or goods and services, to the firm
Indicate whether the statement is true or false
In a process map, a circle represents a step or activity in the process
Indicate whether the statement is true or false.