A Focus on Competitiveness and Motivation Suggests That a Company

question 61

True/False

A focus on competitiveness and motivation suggests that a company should promote on the basis of seniority.

---

Definitions:

Variable Cost

Costs that vary directly with the level of production or volume of goods and services provided.

Monthly Interest Rate

The percentage of interest that is charged or earned on a loan, deposit, or investment over a month's period.

Cash Only Credit Policy

A credit policy where a company does not extend credit and only accepts cash payments.

Net 30 Policy

A payment term used in business transactions that requires payment to be made in full within 30 days of the invoice date.