If You Are a Manager and Want to Increase the Quality

question 151

Multiple Choice

If you are a manager and want to increase the quality of work produced by your employees, you would

• A)raise salaries.
• B)give monetary bonuses.
• C)give more freedom of choice in the methods for completing work on the job.
• D)fire some of the employees who show the poorest quality of work to intensify security needs within the other employees.

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Definitions:

Net Working Capital Requirement

The amount of current assets a company needs minus its current liabilities to continue its operations smoothly.

Marginal Tax Rate

The rate at which your last dollar of income is taxed, representing the percentage of tax applied to your income for each tax bracket in which you qualify.

Salvage Value

An asset's expected selling price once it has concluded its period of usefulness.

Sunk Costs

Past expenditures that have already been incurred and cannot be recovered.