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alina1380 [7]
3 years ago
14

A producer of mobile aerial work platforms rewards employees for the number of basic skills they can perform rather than for the

jobs to which they are assigned. prior to initiating this system, pay increases were based on a merit system. the merit system is still in effect; however, the new program emphasizes continued acquisition of new skills. the company uses ____.
Business
1 answer:
evablogger [386]3 years ago
5 0
The company uses skill-based pay. The skill-based pay is the most widely-implemented salary system, in which the salary is defined based the knowledge, experience, education or specialized training of the employee. <span>The greater the number or depth of skills an employee acquires and applies the bigger the pay. </span>
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Which statements best describes gases
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gases have definite shape and volume

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D.Being punctual, managing time and enforcing polices.

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Over the course of a day, fans pour into a NASCAR venue at the rate of 8,000 people per hour. The average rate at which fans lea
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Must be exactly 8,000 people per hour.

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Flow rate or throughput is the rate at which customers, goods, or services flow though a business process. It is usually measured as an average number of units that pass through a process per unit time.

In this scenario the people that entered the NASCAR venue were 8,000 people per hour.

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The rate of units entering a business process must be equal to rate of units coming out per unit time.

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3 years ago
Zigzag Manufacturing has just hired a new controller, Leslie Demorest. During her first week on the job, Leslie was asked to est
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Answer:

Zigzag Manufacturing

The Effectiveness of Leslie Demorest's Budgeting Strategy

The strategy of adjusting the previous year's operating expenses with inflation is not an effective way of strategic budget planning.  Leslie's budgeting strategy does not take advantage of forecasts of unexpectedly good performance and fails to provide any reaction that can occur when there are downturns in cash flow.

An effective budgeting strategy should provide the standard for the effective use of financial resources of Zigzag Manufacturing in its business operations.  There are no clear goals to be achieved and an evaluation of how the goals will be achieved through the budget implementation.

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An effective budget should be able to forecast and track revenues and expenses, which are received and incurred in pursuit of business goals and projections.  An effective budget ensures that those who implement the projections contained in the budget remain motivated.  The idea of adjusting previous expenses with inflation is not an effective budgeting strategy.

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3 years ago
A minimum wage is an example of a price floor or minimum price that must be paid. If effective, such a price floor would be ____
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If effective, such a price floor would be <u>above</u> the market price and would lead to a <u>excess supply</u>.

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A price floor can be described as a price control in which the minimum price to be charged for goods and services is imposed by a government or a group.

For a price floor to be effective and binding, it has to be set above the market or equilibrium price. This is because a price floor will neither be effective nor nonbinding when it set below the equilibrium price.

Any price above the equilibrium or market price creates or leads to excess supply. Excess supply is a situation whereby quantiy of commodity supplied is more than the quantity demanded of the commodity.

Based on the above explanation, if effective, such a price floor would be <u>above</u> the market price and would lead to a <u>excess supply</u>.

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