Which of the Following Is NOT a Common Goal of Compensation

question 14

Multiple Choice

Which of the following is NOT a common goal of compensation policy?

• A) to punish employees for poor performance
• B) to reward employees' past performance
• C) to maintain the budget
• D) to attract new employees

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Definitions:

Accrued Fees

Charges that have been incurred but not yet recorded or paid.

Adjusted Trial Balance

A roster displaying all accounts alongside their adjusted balances, utilized in the preparation of financial statements.

Error

A mistake in the recording, classification, or processing of financial information.

Contra Revenue Account

An account used to record deductions from gross revenue, including sales returns, allowances, and discounts.