Tom Willis, Owner-Manager of J&P Manufacturing Company, Has Tried Just

question 36

Multiple Choice

Tom Willis, owner-manager of J&P Manufacturing Company, has tried just about everything to motivate his employees.He has added new fringe benefits, including legal services; he has improved safety conditions; and he has increased employee pay by 7 percent across the board.None of these actions seem to have worked.Now Tom wonders what he should do next.Which of the following would you suggest?

• A) Increase pay to 17 percent across the board.
• B) Add a day-care centre to the employee benefits package.
• C) Prepare and distribute a company policy manual.
• D) Improve job security.
• E) Enrich jobs as necessary.

---

Definitions:

Canadian Dollar

The official currency of Canada, often symbolized as CAD and colloquially referred to as the "loonie."

Spot Market

A marketplace for the immediate settlement of transactions involving commodities or securities.

Interest Rate Parity

Holds that investors should expect to earn the same return in all countries after adjusting for risk.

Forward Market

A marketplace where futures contracts are traded, enabling parties to buy or sell assets at a future date for a price agreed upon today.