What Is the Most Likely Reason That Firms Are Implementing

question 17

Multiple Choice

What is the most likely reason that firms are implementing group incentive plans?

• A) stricter regulations regarding team bonus plans
• B) heavy reliance on teams to manage work
• C) expected loss of older workers
• D) rising cost of health benefits

---

Definitions:

Securities & Exchange Commission

A U.S. government agency responsible for enforcing federal securities laws, regulating the securities industry, and overseeing the nation's stock and options exchanges.

Generally Accepted Accounting Principles

The standard framework of guidelines for financial accounting used in any given jurisdiction; generally known as GAAP.

Chief Financial Officer

A senior executive responsible for managing the financial actions of a company, including financial planning, management of financial risks, and financial reporting.

Corporation's Financial Statements

The formal records of a corporation's financial activities, including the balance sheet, income statement, and statement of cash flows.