Answer:
a. reward system
b. Surface value
c. Perquisites
d. Compensation packages
Explanation:
Reward system encompasses the whole compensation packages for workers.
Base pay is the main determinant for other compensations.
Symbolic value refers to the representational value of a reward as opposed to the worth.
Compensation packages for various entities vary depending on the organization.
Indirect compensation is not directly linked to a job.
Perquisites refer to the benefits from employment.
Flexible reward system is not a fixed system, but one that flexes with other factors.
Participative pay system encourages workers' contribution in determining pay.
Surface value is the worth of a compensation to the recipient.
Incentive system refers to the employment structure that motivates employees to act in the best interest of the organization.
The external parties that might analyze the company's financial position include creditors and investors.
It should be noted that the financial statements of a company is used by both the internal and the external users to know how well a company is doing.
The financial position of a company but used to evaluate the performance of the company. Investors will like to invest in a company that has a positive cash flow statement.
Investors will also like a company that has a growing profit. Therefore, the financial position of a company is vital to the investors and creditors.
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Answer:
quality:quantity
Explanation:
Intrinsic motivation contributes to the quality of work; incentives contribute to the quantity of work.
This is straight from one of the theories of reward management. These theories agree on a few broad strokes but fundamentally disagree on the overidiing motivation of human workers. Some giants in this field include Maslow, Vroom, Taylor, etc.
The grapevine is an informal organizational communications network along with unofficial information flows quickly, if not always accurately. <span />
We can actually deduce here that the statement, "revenue is recorded when services are performed, whereas deferred revenue is recorded when cash is received from customers in advance before services are performed" is true.
<h3>What is revenue?</h3>
Revenue is actually known to be the general or total income that an organization or a firm makes from sales of their goods and services. Revenue made helps to ascertain how the company is fairing in terms of sales and customer retention.
We see here that it is true that revenue is recorded whenever services have performed and the service provider has received the payment.
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