Managers Should Keep the Time Between the Performance and Reward

question 59

Multiple Choice

Managers should keep the time between the performance and reward as ______ as possible.

• A) long
• B) variable
• C) short
• D) undeterminable

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Definitions:

Payee

The person or entity to whom a payment is to be made or who receives the payment.

Negotiable Instruments

Financial documents, like checks or promissory notes, that guarantee payment of a specific amount of money to the bearer under certain conditions.

UCC

Stands for Uniform Commercial Code, which is a comprehensive set of laws governing all commercial transactions in the United States.

Anglo-American Law

A legal system originating in England and now prevalent in the United States and many Commonwealth countries, characterized by the doctrine of precedent.