Common Bases for Modern Pay Structures Include All BUT Which

question 19

Multiple Choice

Common bases for modern pay structures include all BUT which of the following?

• A)The content of the work
• B)The skills and knowledge required to perform the work
• C)The extent of external competitiveness and equity
• D)The work's relative value for achieving organizational objectives

Recognize the liability of promoters and incorporators in relation to preincorporation contracts and after incorporation.

Describe the process and significance of the secretary of state's approval of articles of incorporation.

Identify the concept of watered shares and the responsibility of the board of directors in share valuation.

Explain the process of capitalizing a newly formed corporation, including issuing equity and debt securities.

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Definitions:

Social Security Tax

A tax that funds the Social Security program, typically collected as part of the FICA tax.

Medicare Tax

A federal tax that finances the Medicare program, split equally between employers and employees, based on a fixed percentage of an individual’s earnings.

Social Security

A government program that provides financial support to people who are retired, disabled, or survivors of deceased workers.

Medicare

A federal health insurance program in the United States for people aged 65 and over, or for those under 65 with certain disabilities or conditions.