Which of the following statements is true of the Rowan plan?
A. In this plan, the standard time for a task is purposely set at a level requiring high effort to complete.
B. It is an individual incentive plan that provides for variable incentives as a function of a standard expressed as time period per unit of production.
C. It an individual incentive plan that motivates top managers and professionals to focus on long-term organization objectives.
D. In this plan, a worker's bonus remains constant irrespective of the time required to complete a task.
Answer: B
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Refer to the following data: Net sales, first month $13,000 Normal gross profit as a percentage of sales 45% Inventory, start of period $8,000 Net purchases, first month $7,000 Using the gross profit method of inventory estimation, the amount of normal gross profit would be
a. $5,850. b. $3,600. c. $6,750. d. $15,000.
Chelsea’s organization offers flexible benefits. During the open enrollment period, Chelsea can choose any benefits she wants. She selects several benefits, including elder care coverage to help her take care of her mother and extra dental coverage because she knows her daughter will need braces this year. Chelsea’s organization is offering a ______ flexible benefits plan.
A. modular B. core-plus C. full-choice D. defined benefit
An employer's bargaining strategy must include a contingency plan in the event of a strike.
Answer the following statement true (T) or false (F)
________ channels are used to reach a broad audience; ________ channels are used to reach a narrower segment of consumers.
A. Media buy; media mix B. Media mix; media buy C. Promotion; institutional D. Mass media; niche media E. Niche media; mass media