A Company Is Competing with Other Companies for Skilled Employees

question 89

Multiple Choice

A company is competing with other companies for skilled employees in an extremely competitive environment. To ensure top-rated employees will be motivated to stay and not jump to a competitor, the company should

• A)give uniform bonuses to all employees.
• B)remind top-rated employees of their most recent generous bonuses.
• C)discredit competitors' organizations and products.
• D)set entry-level salaries above the industry average.
• E)grant employee stock options.

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Definitions:

Income Summary

An account used in the closing process during accounting that accumulates revenues and expenses to determine net income or loss.

Net Loss

The amount by which total expenses exceed total revenues for a business during a specific period, indicating a reduction in equity.

Salary Allowances

Compensation or benefits on top of regular salary, often for specific purposes like housing, travel, or meals.

Net Income

The amount of money a company earns after deducting all its expenses, taxes, and costs from its total revenue.