Which of the Following Is True of Performance Standards

question 57

Multiple Choice

Which of the following is true of performance standards?

• A)Performance standards are not measurable in nature.
• B)Performance standards need not be tied to a specific time period.
• C)At the product-market level,performance standards include sales and market-share determinants.
• D)Performance-based measures tied to the compensation of those individuals responsible for attaining the specified goals may be detrimental to the firm in the short term.

Comprehend the regulatory requirements for payroll, including Workers' Compensation and FICA.

Understand the reasons for and benefits of outsourcing payroll functions.

Identify payroll taxes that have an earnings cap and those that do not.

Understand the impact of traditional gender roles on businesses and economic participation.

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Definitions:

Shares Outstanding

The total number of a company's shares of stock that are owned by shareholders, including those held by institutional investors and restricted shares owned by the company’s officers and insiders.

Stock Split

A corporate action in which a company divides its existing shares into multiple shares to boost the liquidity of the shares, though the total market value remains the same.

Market Price

The rate currently set for the trade of assets or services in the marketplace.

Retained Earnings

The portion of a company's profits that is kept or retained and not paid out as dividends to shareholders.