Which One of the Following Would Be Correct Regarding Person-Focused

question 2

Multiple Choice

Which one of the following would be correct regarding person-focused pay programs?

• A)the skill blocks model only emphasizes horizontal skills
• B)the stair-step model addresses depth,while the skill blocks model emphasizes both horizontal and vertical skills
• C)employees do not progress to more complex jobs in the stair-step model
• D)stair-step models do not apply to jobs within the same family

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Definitions:

GAAP

Generally Accepted Accounting Principles, a set of accounting standards and procedures used in the United States to govern financial reporting.

Current Cost

The cost that would be incurred to replace an asset or to purchase an equivalent asset at the current time.

Management Discretion

The degree of flexibility and judgement allowed to managers in making decisions and choices impacting the company's operations and performance.

FIFO

An inventory valuation method where the first items placed into inventory are the first ones sold (First In, First Out).