Explain at least four of the six types of compensation plans, giving examples of each. Which type would be most motivating to you? Why?
What will be an ideal response?
The six types are:
Pay for performance: pay is based on results.
Bonuses: cash awards given for achieving specific performance objectives.
Profit sharing: giving employees a percentage of the business's profits.
Gainsharing: distribution of parts of savings or gains to groups of employees.
Stock options: giving employees the right to buy stock at a future date for a discounted price.
Pay for knowledge: ties employee pay to job-relevant skills or degrees.
The student should then discuss which type of compensation plan he or she would find most motivating and why.
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A. is a company outside a company that is created specifically to respond to an exceptional market opportunity B. assembles portions of product provided by outside contractors C. is an organization whose members are geographically apart, usually working via e-mail D. has a central core of key functions and outsources production E. consists of a company with many divisions
The next critical technological opportunity for organizations is predicted to be: Bella's Boutique used to be a brick and mortar store exclusively. It has gradually increased its Internet sales, and online sales now account for most of its revenue. This change in sales model illustrates the importance of monitoring which segment of the environment?
A. Political/legal B. Economic C. Demographic D. Technological
Which of the following can serve as a subsidiary for the finished goods inventory?
A) completed job-order cost sheets B) incomplete job-order cost sheets C) work-in-process inventory D) raw material inventory E) All of these are subsidiaries for the finished goods inventory.
List the general guidelines that a recorder must follow when preparing the minutes of a meeting
What will be an ideal response?