Answer the following statement(s) true (T) or false (F)
1. Performance philosophies of compensation don’t tend to work well in competitive industries.
2. Competency-based or skill-based pay will hinge partly on what skills employees bring to work and whether or not those skills are needed.
3. Competencies and skills are the same thing.
4. Efficiency wage theory says that if a company pays higher wages, it can generally hire better people who will in turn be more productive.
5. Pay secrecy clauses are becoming more dangerous to companies who choose to enforce them.
1. False
2. True
3. False
4. True
5. True
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William and Nigel decide to start a partnership business. They ask their friend Sophia to become a limited partner in order to help them with additional funds to get the business started. Which of the following statements about Sophia would be correct if she becomes and remains a limited partner in this scenario?
A. She may be involved in management of the business but to a rather limited degree. B. She may lose her investment if the business fails, but she will have no personal liability for partnership debts. C. She may be considered an employee and therefore will be entitled to wages for the services she renders to the partnership. D. She cannot be entitled to any share in the profits of the business.
A spouse who is named the beneficiary of a life insurance policy would ordinarily be
a. a creditor beneficiary. b. an incidental beneficiary. c. an intended beneficiary. d. a debtor beneficiary.
U.S. patent law allows cyber business plans to be patented
Indicate whether the statement is true or false
Investors may receive an economic benefit from the ownership of stock by receiving:
A. Dividends. B. Capital gains. C. Both dividends and capital gains. D. Interest.