Seniority Rewards in a Traditional Factory and Skill-Based Pay Rewards

question 116

Multiple Choice

Seniority rewards in a traditional factory and skill-based pay rewards in integrated manufacturing are examples of ________-contingent compensation.

• A) organization
• B) job
• C) person
• D) culture
• E) performance

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Definitions:

Sales Tax

A tax imposed by a government on the sale of goods and services, usually calculated as a percentage of the retail price.

Ordinary Repair

Expenditures to maintain the operating efficiency and expected productive life of an asset, treated as an expense.

Capitalization

The total value of all a company's outstanding shares of stock, calculated by multiplying the share price by the total number of shares.

Net Income

The total profit of a company after all expenses and taxes have been deducted from revenues.