The Two Most Common Compensation Methods for Teams Are

question 80

Multiple Choice

The two most common compensation methods for teams are:

• A)cash bonuses and cashless bonuses.
• B)skills-based pay and gain-sharing.
• C)piecework pay and commissions.
• D)salaries and capital gains.

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Definitions:

Double Rule

A method used in accounting to draw attention to totals or end of reports by placing two lines beneath them for emphasis.

Total

The aggregate amount or sum of individual items or elements in a set or group.

Closing Journal Entries

The entries made at the end of an accounting period to transfer the balances in temporary accounts to permanent accounts and prepare the company's books for the next period.

Adjusting Journal Entries

Entries made in the accounting records at the end of an accounting period to allocate income and expenditure to the correct period.