Define incentive pay and explain how it can motivate employees.
What will be an ideal response?
Incentive pay is pay-other than wages and salaries-that are linked to an employee's performance as an individual, group member, or organization member. Incentive pay is particularly influential because the amount paid is linked to certain predefined behaviors or outcomes. Knowing they can earn extra money for meeting company goals, the employees often try harder or get more creative than they might without the incentive pay.
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The ______ context is the context in which our thoughts influence the way we communicate.
A. interpersonal B. intercultural C. cognitive D. mediated
Which of the following is not a disadvantage of using the FIFO cost flow assumption?
A) creates the highest outflow for income taxes during periods of rising prices B) does not match current costs against current revenues C) includes all the holding gains in income during periods of rising prices D) provides a relevant ending inventory value
The PRSA code of ethics provides professionals in the public relations industry with specific standards of practice
Indicate whether the statement is true or false
Answer the following statements true (T) or false (F)
1.Starting salary is the lowest hourly rate of pay generally permissible by federal law. 2.Equity theory is the principle that when jobs are distinctly different but entail similar levels of ability, responsibility, skills, and working conditions, they are of equal value and should have the same pay scale. 3.The custom factor comparison method of job evaluation is tailored to the individual organization and to the jobs within the organization. 4.A rate range provides the maximum, minimum, and midpoint of pay for a certain group of jobs. 5.Broadbanding is the process of changing the company structure to get rid of some of the vertical hierarchy (reporting levels) in an organization.