In the context of setting incentives for lower-level employees, identify a true statement about performance standards.

A. They are determined independently for each employee.
B. They make it easier for supervisors to assign work to employees equitably.
C. They are easy to specify and broadly similar at all levels of an organization's hierarchy.
D. They can only be applied to jobs with long cycles.


Answer: B

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The following data were taken from the financial statements of Howard Corporation for the year ended December 31 . 2014: Net sales ............................................... $120,000 Net income .............................................. 30,000 Total assets, January 1 . 2014 ........................... 400,000 Total assets, December 31 . 2014 ......................... 600,000 What was

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