Which of the Following Is a Reason Why Nucor Steel

question 1

Multiple Choice

Which of the following is a reason why Nucor Steel is so effective at motivating its employees?

• A)The incentive system penalizes lower performers and places strict limits on how much can be made by those that perform well.
• B)The firm has a centralized structure that retains decision making at upper levels in the organization.
• C)Employees have the opportunity to fix problems that they see occurring during production.
• D)Employees are only promoted from within the organization.

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Definitions:

Confirmed Letter of Credit

A letter of credit that has an additional guarantee by a second bank, ensuring payment under the letter of credit if the issuing bank fails to do so.

Seller's Bank

A bank appointed by a seller, often in trade transactions, to handle the documentation and receipt of payment from the buyer.

Liability

A company's or individual's legal responsibility for their actions or the state of being legally obligated to settle a debt.

Negotiable Bill of Lading

A document issued by a carrier that guarantees the delivery of goods to a specified party and can be transferred by endorsement to others.