Research on Skill-Based Plans Has Shown That Skill-Based Plans

question 43

Multiple Choice

Research on skill-based plans has shown that skill-based plans:

• A)do not provide enough motivation for individuals to increase their skills
• B)are not affected by organizational strategy
• C)are generally well accepted by employees
• D)are long-term initiatives for specific settings
• E)encourage employees to focus on seeking promotions to earn more pay

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Definitions:

Departmental Income Statements

Financial statements that show the operating results of each department within a company, highlighting revenues and expenses.

Profit Center

A branch or division of a business that is responsible for generating its own revenue and profit.

Cost Center

A department within an organization that does not directly add to profit but still incurs costs.

Indirect Expenses

Expenses that cannot be traced directly to one department.