In an Organization with a Performance-Oriented Philosophy

question 131

Multiple Choice

In an organization with a performance-oriented philosophy,

• A) employees only get raises if their productivity has been satisfactory or better.
• B) all employees can at least count on an annual cost-of-living adjustment to their salaries.
• C) bonuses are based on what other companies in the industries are paying.
• D) marginal performers tend to be satisfied with their compensation.

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Definitions:

Life Span

The length of time for which a living organism, including humans, exists, from birth to death.

Capital Stock

The total amount of physical, durable goods that a company possesses at any given time, which are used in producing goods and services.

Intangible Assets

Non-physical assets owned by a business that have value, such as intellectual property, goodwill, and brand recognition.

Inventories

Quantities of goods that are held by a company for the purpose of sale in the future or as materials to be used in the production process.