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SVEN [57.7K]
3 years ago
5

The predominant approach to employee compensation is:

Business
1 answer:
iragen [17]3 years ago
7 0

Answer: the predominant approach to employee compensation is

'D' (competence-based pay)

Explanation:

Competency based pay is a restructured pay that rewards employees on their skills shown, knowledge and experience shown at work. The skills set, past experiences gained and shown and knowledge possessed by employees are measured by "competency based pay plan".

Competency based pay encourages employees to acquire more skills and knowledge in which they deploy to their work.

It motivates employees to set and accomplish better goals. It gives the employees self motivation and also promotes the company productivity and success. Competency based pay aids seriousness in employees. It makes them take their work serious.

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How many major OEMs manufacture Class 8 trucks<br> for the North American market?
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If an investor buys enough stocks, he or she can, through diversification, eliminate all of the market risk inherent in owning s
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2 years ago
Gomez runs a small pottery firm. He hires one helper at $14,500 per year, pays annual rent of $7,500 for his shop, and spends $1
uysha [10]

Answer:

a). Accounting profits=$6,000

b). Economic profit=-$6,000

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a). The accounting profits for Gomez's pottery firm can be expressed in the form;

Accounting profits-Total monetary revenue-Total monetary expenses

where;

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replacing;

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Accounting profits=$6,000

b). Gomez's economic profit

Economic profit=Total revenue-total costs

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replacing;

Economic profit=(97,000-103,000)=-$6,000

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