Sheldon,the Manager of a Manufacturing Firm,wants the Organization to Perform

question 52

Multiple Choice

Sheldon,the manager of a manufacturing firm,wants the organization to perform better.He expects his employees to think more like owners,taking a broad view of what they need to do in order to make the organization more effective.In this case,Sheldon should

• A) pay his employees per piece that is manufactured.
• B) create a balanced scorecard.
• C) reorganize the departments in the organization.
• D) implement a profit-sharing incentive plan.
• E) hire new employees and pay them above the market rate.

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Definitions:

Salvage Value

The estimated value that an asset will realize upon its sale at the end of its useful life.

Payroll Accrual

The process of recording salaries and wages that have been earned by employees but not yet paid by the company.

Books Closed

A term referring to the point at which an accounting period is concluded and all financial statements are finalized.

Payday

The day on which an employee receives their salary or wages, typically occurring on a regular basis.