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Refer to the scenario below to answer the following questions.
TopCup Coffee (Scenario)
Catrina has been working as a manager in TopCup Coffee for six months now. In that time she has noticed that the total sales have grown a scant half percent. The owner, who does not work in the business directly, commented in a recent meeting that unless the sales picked up over the next six months, he would consider closing the business. Catrina has since looked seriously into the operations and armed with a textbook on operations management from her college days, she is determined to change both the coffee shop operations and the sales picture.
-Catrina knows from her course in operations management that when the employees have all the required knowledge and tools they will be able to ___________.
Time and a Half
A pay rate that is 1.5 times the employee's regular hourly rate, usually paid for overtime work beyond the standard workweek hours.
Salaries Payable
An account that records the amounts owed to employees for work performed that has not yet been paid.
Social Security Tax
A tax that both employers and employees pay to fund the Social Security program, which provides benefits for retirees, disabled workers, and survivors.
Unfunded Pension Liability
The gap between the projected benefits of a pension plan and the assets available to fund those benefits.
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