Enterprise Incentive Management Software Is Used by Managers to ________

question 54

Multiple Choice

Enterprise incentive management software is used by managers to ________.

• A) motivate employees to meet and exceed departmental goals
• B) quantify correlations between pay and performance
• C) select and develop mission-critical employees
• D) monitor training and development needs

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Definitions:

Standard Cost

A predetermined cost of manufacturing, serving, or marketing an item, which includes direct labor, direct material, and overhead charges.

Industry Average

A benchmark or norm for a specific industry, calculated as the average of a significant metric (like return on investment) across similar companies.

Standard Costs

Predetermined costs of manufacturing, overhead, material, and labor that are used as benchmarks to measure performance against actual costs.

Clerical Costs

Expenses associated with administrative tasks and office support activities within an organization.