Athen Tech., a software company, changed its pay structure from 3,000 job titles and 12 pay grades to a simpler structure with 1,000 jobs and 5 pay grades. The managers were then asked to choose pay levels that were based on the market. This is an example of
A. forecasting.
B. delayering.
C. benchmarking.
D. decentralizing.
E. departmentalizing.
Answer: B
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A company using the periodic inventory system has the following account balances: Merchandise Inventory at the beginning of the year, $3,600; Freight-In, $650; Purchases, $10,700; Purchases Returns and Allowances, $1,950; Purchases Discounts, $330 . The cost of merchandise purchased is equal to
a. $8,420 b. $17,230 c. $12,670 d. $9,070
One of the overall goals of the Pancake House Restaurant is customer satisfaction. In the light of that goal, match the learning and growth perspective with the appropriate objective
a. Customer satisfaction means that the chefs engage in culinary continuing education. b. Customer satisfaction means that customers receive their food within 10 minutes of placing an order. c. Customer satisfaction means that the customer appreciation program is successful. d. Customer satisfaction means that the restaurant is profitable.
Accounting practices can vary significantly from country to country
Indicate whether the statement is true or false
A vision statement is a current description of an organization's purpose, basic goals, and philosophies
Indicate whether the statement is true or false