Job-Based Pay Structure

question 61

Multiple Choice

Job-based pay structure

• A)discourages topdown decision-making.
• B)encourages lateral employee movement.
• C)discourages promotion-seeking behavior.
• D)encourages a lack of initiative on the part of employees.
• E)discourages performance evaluation by the manager.

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Definitions:

Net Income

The concluding profit figure for a company, arrived at by deducting every type of expense and tax from its complete revenue.

Accumulated Depreciation

The total amount of a tangible asset's cost that has been allocated as depreciation expense since it was put into use, reflecting usage or wear and tear.

Service Fees Earned

Service fees earned refer to revenues a company generates from providing services to clients or customers, as opposed to selling physical goods.

Work Sheet

A paper or electronic document used by accountants to compile and analyze financial information prior to preparing financial statements.