Compared to Last Year's Results You Have Determined an Increase

question 7

Multiple Choice

Compared to last year's results you have determined an increase in your compensation cost ratio.What does this tell you?

• A) This is a sign of greater productivity.
• B) Managers have inconsistently applied the new system.
• C) The typical employee is earning more money.
• D) Noncompensation costs have increased.

---

Definitions:

Marginal Product

The additional output that results from using one more unit of a production input, keeping all other inputs constant.

Fertilizer

A chemical or natural substance added to soil to increase its fertility and promote plant growth.

Corn

A cereal plant that yields large kernels on a cob, used as a staple food in many parts of the world and as animal feed.

Slanderous Campaign Ads

Political ads that make false or misleading statements about an opponent to damage their reputation.