The Container Store, a Retailer Based Out of Texas, Wants

question 16

Multiple Choice

The Container Store, a retailer based out of Texas, wants to increase the motivation of its employees. Which of the following examples would most likely achieve this?

• A) a performance-based incentive system for its employees in which workers' pay will be based on their productivity
• B) a reduction of insurance benefits for employees who have been working at the company for less than five years
• C) the implementation of a new computer system that will enable employees to do more work for the same pay
• D) a more hands-on managerial style in which all employees would have to fill out time cards
• E) the consolidation of two departments into one, thereby reducing overhead expenses

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Definitions:

Accounts Receivable

Money owed to a business by its customers for goods or services delivered but not yet paid for.

Notes Receivable

Notes receivable are written promises for amounts to be received, typically detailing the interest rate and when the principal and interest payments are due.

Claims

Demands for payments or property ownership typically made through legal or financial processes by creditors or insurers.

Subsidiary Ledger

A detailed ledger that contains the individual accounts related to a specific main account, facilitating detailed tracking and reconciliation.