The Structure of a Pay Plan

question 22

Multiple Choice

The structure of a pay plan

• A) determines the extent to which the Pygmalion effect affects employees' motivation.
• B) enables supervisors to rate employee performance.
• C) influences the degree to which employees are motivated to perform well.
• D) decides the specific roles of a supervisor.

---

Definitions:

Outstanding Checks

Checks that have been written and recorded in financial accounts but have not yet been cashed or cleared by the bank.

Bank Reconciliation

A process that explains the difference between the bank balance shown in an organization's bank statement, as supplied by the bank, and the corresponding amount shown in the organization's own accounting records at a particular point in time.

Adjusting Journal Entries

Journal entries made at the end of an accounting period to account for incomes and expenses in the period they occur, ensuring that the financial statements are accurate.

Reconciliation Report

A document that compares two sets of records to ensure they are in agreement and accurate.