You Are the Head of an HR Department for a Large

question 100

Multiple Choice

You are the head of an HR department for a large department store.The general manager,Frank,comes to you claiming that a pay freeze is needed in order to reduce costs to the store.Frank wants to freeze pay for the retail staff but not for department line managers.What would be your most appropriate response?

• A) The strategy will encourage the retail staff to advance towards higher positions.
• B) The pay freeze should be the same across the board.
• C) A layoff would be a much better solution.
• D) The firm should institute a ring of defense.

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Definitions:

Accounts Receivable

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

maturity Value

The amount that will be received at the maturity or expiration date of an investment, representing the principal plus interest.

Notes Receivables

These are written promises for amounts to be received by a business, typically including interest, evidence by a formal instrument.

Accounts Receivables

Refers to the amounts owed to a business by its customers for sales or services provided on credit.