Describe the relationship between virtuous and vicious circles.

What will be an ideal response?


Some studies suggest that performance-based pay works best when the organization is performing well. An organization with increasing profits or market share is able to pay larger incentives in the form of bonuses and stock awards which is reflected in employee attitudes and work behaviours, which in turn improves their performance and ultimately results in better organizational performance. The circle gains upward momentum. Contrarily when organization performance declines, say in a recessionary period, performance-based pay plans do not pay off; there are no bonuses, and the value of stock declines-with potentially negative effects on organizational performance. Declining organizational performance increases the risks facing employees-risks of demotions, wage cuts, and even layoffs. Declining employee attitudes may speed the downward spiral, creating a vicious circle.

Business

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Which of the following is NOT a trend that is expected to provide new opportunities for marketers?

A) changing demographics B) declining levels of patriotism C) technological advances D) proliferation of information E) globalization

Business

Wages tend to be the lowest in which of the following industries?

A. Technology-intensive industries B. Pharmaceuticals C. Professional services D. Education and health care

Business

In the scrum process, a stand-up is a 15-minute team meeting

Indicate whether the statement is true or false

Business

On July 1, Ferguson Company sold merchandise in the amount of $5,800 to Tracey Company, with credit terms of 2/10, n/30. The cost of the items sold is $4,000. Ferguson uses the perpetual inventory system and the gross method Normal 0 false false false EN-IN X-NONE X- NONE /* Style Definitions */ table.MsoNormalTable {mso-style-name:"Table Normal"; mso- tstyle-rowband-size:0; mso-tstyle-colband-size:0; mso-style-noshow:yes; mso-style-priority:99; mso-style-qformat:yes; mso-style-parent:""; mso-padding-alt:0cm 5.4pt 0cm 5.4pt; mso-para- margin:0cm; mso-para-margin-bottom:.0001pt; mso-pagination:widow-orphan; font-size:11.0pt; font-family:"Calibri","sans-serif"; mso-ascii-font-family:Calibri; mso-ascii-theme-font:minor- latin; mso-fareast-font-family:"Times New Roman";

mso-fareast-theme-font:minor-fareast; mso- hansi-font-family:Calibri; mso-hansi-theme-font:minor-latin; mso-bidi-font-family:"Times New Roman"; mso-bidi-theme-font:minor-bidi;} . On July 5, Tracey returns some of the merchandise. The selling price of the merchandise is $500 and the cost of the merchandise returned is $350. The entry or entries that Ferguson must make on July 5 is:

Business