In Organizations Using a Two-Tier Wage System

question 67

Multiple Choice

In organizations using a two-tier wage system:

• A)employees are less likely to develop feelings of inequity.
• B)new employees are paid less than present employees performing the same job.
• C)employees are not rewarded for the jobs they regularly perform.
• D)contract employees are paid more than regular employees.

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Definitions:

60-Day Note

A type of short-term debt where the repayment is due 60 days after issuance.

360-Day Year

An accounting simplification that assumes there are 360 days in a year to facilitate easier interest calculations.

Direct Write-Off Method

An accounting practice where bad debts are written off against income at the time they are determined to be uncollectible, instead of being provided for in advance.

Account Receivable

Funds that customers owe a company for products or services provided on credit.