Unions Sometimes Oppose Profit-Sharing Plans Because Such Things as Accounting

question 49

True/False

Unions sometimes oppose profit-sharing plans because such things as accounting decisions made by management can influence the level of profits more than employees' efforts.

Recognize the impact of organizational structure on decision-making authority and ethical behavior.

Identify and analyze the role of group norms, organizational culture, and ethical culture in influencing employee behavior and organizational performance.

Differentiate between centralized and decentralized organizational structures and their advantages.

Explain the importance and function of internal controls, audits, and legal requirements in maintaining ethical standards within an organization.

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Definitions:

Compensation of Employees

All forms of financial returns and tangible services and benefits employees receive as part of an employment relationship.

Human Capital

The collective skills, knowledge, and experience of an individual or workforce, viewed as an asset.

Proprietors

Owners of a business or holders of property.

Production Input

Any resource used in the creation of goods or services, such as labor, raw materials, and capital.