Discuss the trends that are leading to the increased interest in variable pay.
What will be an ideal response?
The greater interest in variable pay probably can be traced to two trends. First, the increasing competition from foreign producers forces American firms to cut costs and/or increase productivity. Second, today's fast-paced business environment means that workers must be willing to adjust what they do and how they do it. Failure to adapt to new technologies, new work processes, and new work relationships could lead to possible layoffs and terminations. To avoid this scenario, compensation experts are focusing on ways to design reward systems so that workers will be able-and willing-to move quickly into new jobs and new ways of performing old jobs. The ability and incentive to learn these come partially from reward systems that more closely link worker interests with the objectives of the company.
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The cost of goods manufactured on the manufacturer's income statement replaces ____________________ on the merchandiser's income statement
Fill in the blank(s) with correct word
Transactions with trading partners include ____________________ and ____________________
Fill in the blank(s) with correct word
Springfield Company offers a bonus plan to its employees and the amount of the employee bonuses for the current year is estimated to be $965,000 to be paid during January of the following year. The journal entry on December 31 to record the bonuses is:
A. Debit Employee Bonus Expense $965,000; credit Bonus Payable $965,000. B. Debit Unearned Bonuses $965,000; credit Bonus Payable $965,000. C. Debit Estimated Bonus Payable $965,000; credit Cash $965,000. D. Debit Employee Bonus Expense $965,000; credit Prepaid Employee Bonus $965,000. E. No entry since the bonuses are not paid until January.
Organizational communication is the process through which workplace members develop, maintain, and modify workplace practices through their communication with both ______ (e.g., superior, subordinates) and ______ (e.g., clients, stakeholders) audiences.
a. external; internal b. peer; professional c. internal; external d. inclusive; exclusive