Senior management in your organization wants you to explain to the board of directors the key concept that makes compensation systems work. It would be correct to tell them that the ideal compensation system must
A. keep labor costs as low as possible.
B. provide for employees needs while keeping labor costs within reasonable limits.
C. pay the highest wages in the industry.
D. encourage employees to work for as little as possible to keep company profits as high as possible.
E. focus attention on benefits rather than on salaries, which are kept low on purpose.
Answer: B
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Indicate whether the statement is true or false
In a perpetual inventory system, the credit columns of a typical cash payments journal are ________.
A) Merchandise Inventory column and Cash column B) Other Accounts column and Accounts Payable column C) Merchandise Inventory column and Accounts Payable column D) Other Accounts column and Cash column
Which of the following is true about the concentrated marketing strategy?
A) Companies that rely on a few segments for all of their business will suffer if a segment turns sour. B) Concentrated marketing is not profitable for most firms. C) Niche marketing involves few risks for most firms. D) Concentrated marketing involves going after a small share of a large market. E) The Internet has limited the use and benefits of niche marketing.
Anecdotal evidence is considered _____
A) objective B) scientifically valid C) experience based D) current E) published