When Setting Performance Measures for Incentive Systems, We Can Say

question 106

Multiple Choice

When setting performance measures for incentive systems, we can say that the best measures are those that

• A)are quantitative, simple to understand, and show a clear relationship to improved performance.
• B)are qualitative, flexible, and create competition between employees.
• C)allow employers to "ratchet up" standards and base rewards on qualitative standards.
• D)reduce administrative costs, determine rewards based only on quantity, and reward only exceptional employees.

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Definitions:

Banking Section

Part of financial management that involves handling bank accounts, transactions, and financial reconciliations.

Enter Credit Card Charges

The process of recording the expenses incurred on a business credit card into the company's accounting system.

Business Transaction

Any activity that involves the exchange of goods, services, or funds between two or more parties.

QuickBooks Company

A specific business entity set up within QuickBooks accounting software to manage its financial transactions and records.