In Order to Assess How Financial Information Can Affect the Performance

question 61

Multiple Choice

In order to assess how financial information can affect the performance of the engineering department, the respondents of the study were asked to rate ten different criteria. Which of the following received the lowest mean score?

• A) Evaluate the performance of the department
• B) Plan ahead more effectively
• C) Control costs more effectively
• D) Improving communications with the department staff
• E) Determine the amount of bonuses awarded to the management team

---

Definitions:

Equal Pay

A principle requiring that men and women be given equal pay for equal work in the same establishment.

Broad Bands

A strategy in pay structure where a wide range of salaries is offered within a single pay band, allowing for greater flexibility in employee payment.

Promoting Employees

The process of advancing an employee's rank or position within a company, often accompanied by an increase in salary and responsibilities.

Davis-Bacon Act

A United States federal law that establishes the requirement for paying the local prevailing wages on public works projects for laborers and mechanics.