Answer:
True
Explanation:
Off balance sheet items are transactions that generate fees for the business (such as guarantees), and to hedge against future loss (such as futures investments).
Meaning assets and liabilities that are deferred or contingent to business success.
B. credit to Unearned Warranty Revenue, $871
Answer:
<u>The correct answer is A. Skill-based pay.</u>
Complete question and statement: Steelweld, a car parts manufacturer, pays employees a higher hourly rate as they learn to master more parts of the work process. Employees earn $10 per hour when they are hired and they can earn up to $20 per hour if they master all 12 work units in the production process. Which of these reward systems is being applied by Steelweld?
A. Skill-based pay
B. Piece-rate pay
C. Job evaluation system
D. Seniority-based pay
E. Membership-based pay
Source: https://www.coursehero.com/file/p6jelia/p-166-Steelweld-a-car-parts-manufacturer-pays-employees-a-higher-hourly-rate-as/
Explanation: It is perfectly clear that this car parts company is promoting the development of skills during the production process. The employee knows in advance that as he or she develops a greater number of skills, he or she will have a better pay. The formula for a better payment is disclosed.
