Tying compensation incentives to performance targets decreases the likelihood that the goals of responsibility centers, managers, and the entire organization will be well coordinated
Indicate whether the statement is true or false
F
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The accumulated benefit obligation (ABO) is equal to the
A) actuarial present value of all benefits earned as of a specified date, both vested and nonvested, by employees using current salary levels in the pension plan formula. B) actuarial present value of all benefits earned as of a specified date, both vested and nonvested, by employees using anticipated future salary levels in the pension plan formula. C) difference between the annual pension expense and the amount actually funded during the year. D) actuarial present value of benefits attributed by the pension plan formula to services rendered by employees during the current year.
Which of the following statements is FALSE?
A) Quantum meruit is part of the law of restitution B) Quantum meruit is a means of correcting an unjust enrichment. C) In awarding damages under quantum meruit, the courts must estimate the value of a benefit conferred by the plaintiff. D) Quantum meruit is resorted to when a remedy is not available on ordinary contract principles. E) None of the above
Zoey is planning to invest $5,000 in a fixed income security at the end of each of the next four years. She will receive $23,000 at the end of four years. If interest is compounded annually, what is the annual rate of return earned on the investment?
A. 5.7% B. 7.3% C. 8.7% D. 10.2% E. 9.4%
Hershey's places a simple ad for its "Kisses" chocolates in Sports Illustrated. The ad shows only a photo of the product with no copy words. This is an example of a(n) ________ promotion objective.
A. informing B. promoting C. reminding D. pioneering E. persuading