Thrivent Financial implemented a form of employee compensation termed ________ to encourage employees to adopt a new work system.
A. pay for knowledge
B. gainsharing
C. incentive pay
D. pay for productivity
Answer: A
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Zeus, Inc. produces a product that has a variable cost of $9.50 per unit. The company's fixed costs are $40,000. The product sells for $12.00 a unit and the company desires to earn a $20,000 profit. What is the volume of sales in units required to achieve the target profit? (Do not round intermediate calculations.)
A. 24,000 units B. 16,000 units C. 4,000 units D. 17,000 units
The balances in deferred (unearned) revenue accounts represent amounts that are Earned Collected I. Yes No II. Yes Yes III. No No IV. No Yes
A) I B) II C) III D) IV
The adjustments arising from the audit that were considered to be material should be communicated by the auditor to which of the following?
a. Audit staff. b. Management. c. Audit committee. d. Internal auditors.
Which of the following is “pure” life insurance in that it only pays a benefit if the insured dies?
a. whole life insurance b. straight whole life insurance c. level term insurance d. universal life insurance e. variable life insurance