There Are Two Major _____ That Must Be Prepared and Are

question 100

Multiple Choice

There are two major _____ that must be prepared and are essential to the operation of a business: the profit and loss (income) statement, sometimes referred to as the P&L sheet, and the balance sheet.

• A) financial statements
• B) tax forms
• C) charge accounts
• D) budgets

Understand the role of gain-sharing, profit-sharing, and employee stock ownership plans (ESOPs) in organizational performance and employee motivation.

Identify the processes and challenges associated with implementing merit pay plans.

Recognize the purpose and methodology of performance appraisals in performance management.

Understand job design approaches and their impact on employee performance and motivation.