A(n)________ Is Suitable for an Organization with a Culture That

question 79

Multiple Choice

A(n) ________ is suitable for an organization with a culture that promotes individual competition.

• A)gainsharing plan
• B)profit-sharing plan
• C)merit pay plan
• D)ownership plan
• E)skill-based plan

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Definitions:

Annual Report

A comprehensive report on a company's activities, financial performance, and strategy, typically published yearly for shareholders.

Form 10K

A comprehensive summary report of a company's performance that must be submitted annually to the Securities and Exchange Commission.

Operating Segments

Operating segments are components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker in deciding how to allocate resources and in assessing performance.

GAAP

Generally Accepted Accounting Principles, a common set of accounting principles, standards, and procedures that companies must follow when they compile their financial statements.