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Iteru [2.4K]
3 years ago
10

General electric has an up-or-out policy, where key personnel in underperforming units are pressured to boost performance to acc

eptable levels and keep it there or risk being replaced. what is this an example of?
Business
1 answer:
olasank [31]3 years ago
8 0
This is an example of Tying rewards and incentives directly to the achievement of strategic and  financial targets.
By doing this, general Electric aimed to create an objective measurement for all of its emloyees that motivate them to keep increasing their performance if they hope to stay as an employee in that company. Through this method, Jack Welch managed to increase the company's value for around 4000% during 20 years of his reign.
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Adjusting entries are Select one: a. usually required before financial statements are prepared b. not necessary if the accountin
Flauer [41]

Answer:

Correct option is (a)

Explanation:

Adjusting journal entries are passed before financial statements are prepared to so as to confirm if revenue recognition and matching principles are complied with. Adjusting entries are required to be passed if transactions is spread over multiple financial periods. For example, adjusting entry is passed if goods are received this year but payment will be made next year.

Before income statement and balance sheet is prepared, these entries are passed. Thereafter, adjusting trial balance is prepared and finally financial statements are prepared.

4 0
3 years ago
During the year, Cheng Company paid salaries of $24,000. In addition, $8,000 in salaries has accrued by the end of the year but
Burka [1]

Answer:

Correct answer is D. Credit to Salaries Payable for $8,000

Explanation:

Based on the basic underlying guideliness in accounting, specifically matching principle. All income and expenses should be reported during the period it incurred. Thus, all expenses incurred during the period even though it wasn't paid yet shoud be recorded to the book and that's the moment that the year-end adjusting entry is necessary.

On the above given problem, the salaries paid of $24,000 is presumed to have been recorded in the book already. Because it incurred and paid within the calendar period. In addition, the salaries accrued by the year end needs year-end adjustment<em> to recognize the salaries expense applicable for the period</em>. Journal entry of it is to debit salaries expense and credit salaries payable in the amount of $8,000.

6 0
3 years ago
A national sales organization has implemented a set of training courses on its intranet, with a link that allows employees to fi
makkiz [27]

Answer:

b) knowledge management

Explanation:

Knowledge management is defined as the process in which an organisation creates, shares, uses and manages the information and knowledge of an organisation.

It is an approach multidisciplinary in nature to achieve the objectives of an organisational with the use of knowledge available.

It includes the courses which are taught in business administration, management, information system, library and information system.

7 0
3 years ago
The Atlantic Company sells a product for $150 per unit. The variable cost is $60 per unit, and fixed costs are $270,000. What is
avanturin [10]

Answer:

The break even units are 3000 units and when it desires the profit of $36000 then sales unit is 3400 units.

Explanation:

The selling price of a product (SP) = $150 per unit.

Variable cost (VC) = $60 per unit.

Fixed cost of the company = $270000

Break-even units can be calculated by dividing the fixed cost from the difference in selling price and variable cost.

Break even Units = (fixed cost) / ( SP – VC)

= 270000 / (150-60)

= 3000 units.

Break-even units when a company desires a profit of $36000.

Desired units for sales = (Fixed Cost + Profit)/ Contribution per unit

= (270,000 + 36,000) / (150 - 60)

= 3,400 units

7 0
3 years ago
Cedrick's credit card was​ stolen, and he did not realize that it was stolen until he received his most recent billing stateme
denis23 [38]

Answer:

Cedrick's potential maximum liability = $50

Explanation:

Given:

$250 = a Blueminusray player

$600 = new set of tires

$200  = Cash withdrawal

$40 = interest charges

Find:

Cedrick's potential maximum liability

Computation:

Cedrick's potential maximum liability = Blueminusray player  - Cash withdrawal

Cedrick's potential maximum liability = $250 - $200

Cedrick's potential maximum liability = $50

7 0
2 years ago
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