A Disadvantage of Tracking Only Output-Based Goals Is That

question 6

Multiple Choice

A disadvantage of tracking only output-based goals is that:

• A)those goals don't take the profit margin on the product into consideration
• B)some customers may accept a proposal but may not pay the invoice for several months
• C)measuring only sale volume encourages salespeople to neglect customer service and other activities that don't lead directly to sales
• D)calls placed and presentations made is a truer indicator of a salesperson's performance
• E)it is difficult to figure out the weighting if the goals are so similar

Differentiate between the types of deductions from employee earnings and their legal bases.

Describe the process and accounting treatment of notes payable, including issuance and satisfaction of liabilities.

Recognize the role and characteristics of current liabilities in financial statements.

Explain the taxation requirements for employers including payroll taxes and federal income taxes.

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Definitions:

Function

A relation between a set of inputs and a set of permissible outputs, where each input is related to exactly one output.

Inverse Function

A function that reverses the effect of the original function, swapping the roles of inputs and outputs.

Function

A mathematical relationship in which each input value has exactly one output value.

Horizontal Line Test

A method used to determine if a function is injective or one-to-one, based on whether any horizontal line intersects the graph more than once.