For organizations using a skill-competency-based pay system or generic job descriptions, the best approach for pricing jobs is
A. benchmark conversion.
B. survey leveling.
C. the low-high approach.
D. the benchmark job approach.
Answer: C
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Lewis Corporation reported the following information for the year ended December 31, 2016: Net income $ 10,000 Dividends 6,000 Retained earnings at December 31, 2016 25,000 What was the economic effect of the payment of Lewis' dividends?
a. The dividend reduced net income for 2016. b. The dividend should be equal to net income if the company's accounting equation is in balance. c. The dividends reduce total retained earnings for the year. d. The dividends must be paid whenever Raymond Corp. reports net income.
Which of the following variables is an example of a behavioral variable?
A) personality B) social class C) occasions D) occupation
Which set of standards was created by the AICPA to cover services relating to unaudited financial statements?
A. Statement on Auditing Standards (SAS). B. Statements on Standards for Accounting and Review Services (SSARS). C. Statements on Compilation and Review Standards (SCRS). D. Standards on Selective Audits and Review Services (SSARS).
What methods of setting advertising budgets are directly based on company revenues? What are the disadvantages of such methods?
What will be an ideal response?