The Primary Reason Compensation Is Important to Managers Is Because

question 90

Multiple Choice

The primary reason compensation is important to managers is because:

• A) employees regard it as a reward.
• B) it influences employee behavior.
• C) it is a larger cost than benefits.
• D) stock holders dislike high compensation costs.

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Definitions:

Journal

A detailed record where all financial transactions of a business are initially recorded, listed in chronological order.

Chart of Accounts

A systematic list of accounts that a company uses for the organization of its financial transactions and to prepare financial statements.

Salaries Expense

The cost incurred by a company for the salaries of its employees.

Journal Entry

A record in accounting that notes the details of a financial transaction.