Harry,the HR Manager at Kopi Co

question 69

Multiple Choice

Harry,the HR manager at Kopi Co.,has been asked to reward good performance.However,the budget allocated for rewards is limited.He therefore decides to offer raises to a few employees and spot bonuses to the remaining employees.Which of the following would further strengthen his decision?

• A) The performance appraisals of each employee were performed by two supervisors to avoid bias.
• B) The performance measures used to evaluate employees had been communicated to the employees before the start of the review period.
• C) The spot bonuses have been increased by ten percent from the previous financial year.
• D) The organization had decided to reward teams that worked on new types of projects.
• E) The organization believes that merit pay is for exceptional and not regular work.

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Definitions:

Chart of Accounts

The Chart of Accounts is a systematic list of all accounts used by an organization, essential for classifying and organizing financial transactions within the general ledger.

Expense Account

An account where costs associated with the operations of a business, such as rent, utilities, and salaries, are recorded.

Asset Account

An account that represents a tangible or intangible item of value owned by a company, such as cash, inventory, or equipment.

Revenue Account

An account that records the income earned from normal business operations, such as sales of goods or services.