Cardel’s uses a companywide group incentive plan designed to unite employees to work together as a team towards organizational goals and share the profits. Which type of compensation system do they use?
a. Flat rate
b. Gainsharing
c. ESOP
d. Piecework
b. Gainsharing
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What is the cost-benefits persuasive strategy? Describe how you would apply the cost-benefits strategy in a persuasive presentation.
What will be an ideal response?
?Lang Industries is introducing a new product and will use price skimming to set the price. Price skimming is
A. ?the strategy of charging the highest possible price for a product during the introduction stage of its life-cycle. B. ?a way for the seller to secretly pocket extra money charged for a product but not recorded on the company books. C. ?raising prices above a fair price. D. ?a means of increasing competition in order to raise prices even higher.
Mich Inc., a hardware store, has a rating system in place that rates employees on their friendliness, usefulness, and product knowledge. Based on the ratings an employee receives, he or she gets an incentive. The compensation strategy followed by Mich is most closely described as a(n):
A. cost-cutter strategy. B. differentiation strategy. C. innovator strategy. D. customer-focused strategy.
The Statement of Cash Flows for the current year contained the following: Cash received from customers$10,000 Cash used for purchase of equipment 40,000 Cash received for stock issuance 30,000 Cash used for payments to suppliers & employees 5,000 Cash dividends paid to stockholders 1,000 Cash borrowed from bank 20,000 The change in cash for the current year was an increase of $14,000.What was the amount of cash flows from (used in) investing activities?
A. ($40,000) B. $10,000 C. ($1,000) D. ($10,000)