The XYZ Company is a world leader in medical device manufacturing. Aiming to continue its market position in this industry, the
XYZ Company pursues a differentiation strategy. As a result, this company compensates its employees higher than competitors in order to attract and retain the best employees. What kind of pay level policy does the XYZ Company follow? a. market match
b. market lag
c. market lead
d. market pay line
For about all candidates, salary is an important job characteristic.
Organizations have an employing benefit if their <em>strategy is to pay for a lead market approach, that is, compensate more for a job than the existing market salaries. </em>
Higher pay can also compensate for the less precious features of a job.
A deliberate plan or course of action chosen by an individual or a group of people intended to deal with a problem, influence and determine decisions, actions, and other matters is known as policy.
Absolute, Comparative, Opportunity cost, Gains of trade, Not possible
Explanation:
The terms that will be filled in these blanks are economic terms that are used often in the business. The completed sentences have been written below -
To have absolute advantage means to be able to produce more using the same resources.
To have comparative advantage means to have a lower opportunity cost.
Comparative advantage is the basis for gains of trade.
It is not possible for one producer to have a comparative advantage for every good.
If at the end of the year the supplies inventory equals $1,500, then the supplies expense must decrease. Expenses have a debit balance, if we want to decrease them, we must credit them.
The adjusting entry would be:
Dr Supplies 1,500
Cr Supplies expense 1,500
This way the supplies account (asset) increases, while the expenses decrease.
