Keith and Jim Are Partners

question 68

Multiple Choice

Keith and Jim are partners. Keith has a capital balance of $50,000 and Jim has a capital balance of $40,000. Bill invested a building worth $30,000 to the partnership for an ownership interest of 20%. How much is the total bonus for the existing partners?

• A)$5,000
• B)$15,000
• C)$6,000
• D)$30,000

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Definitions:

Job Enrichment

The process of designing jobs to incorporate higher levels of motivating factors, including opportunities for achievement, recognition, responsibility, and personal growth.

Maslow's Hierarchy

A theory in psychology proposed by Abraham Maslow, organized in a five-tier model of human needs, from basic physiological needs to self-actualization.

Job Diagnostic Survey

A tool used to assess the characteristics of a job and how those characteristics impact employee motivation, satisfaction, and performance.

Core Job Characteristics

Fundamental attributes of a job, such as skill variety, task identity, task significance, autonomy, and feedback, that can influence employee motivation and satisfaction.