1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
Orlov [11]
3 years ago
6

Chris has a job as a sales representative for a pharmaceutical company. The company offers both quarterly and annual bonuses bas

ed on performance. The company also has a profit-sharing plan for its employees. This demonstrates Fayol's principle of __________.a. subordination of individual interests to the common interest.
b. equity.
c. remuneration of personnel.
d. esprit de corps.
e. initiative.
Business
1 answer:
earnstyle [38]3 years ago
8 0

Answer:

c. remuneration of personnel

Explanation:

Henri Fayol developed the fourteen principles of management.

One of the fourteen principles being, Remuneration of personnel.

Fayol was of the opinion that in order to extract the best performance from employees, appropriate remuneration system must exist in an organization.

This meant emphasizing on employee satisfaction by following fair remuneration practices coupled with adequate incentive system which rewards good performance.

In the given case, the pharmaceutical company offers performance based incentives in the form of quarterly as well as annual bonuses in addition to an existing profit-sharing plan for employees. This is an example of Fayol's principle of Remuneration of personnel.  

You might be interested in
All of the following individuals are U.S. residents: Kelly (27), her daughter Sydnee (4), and Kelly's mother, June (50). All thr
m_a_m_a [10]
The person with a stable household
5 0
3 years ago
Atlas Corp. is considering two mutually exclusive projects. Both require an initial investment of $10,000 at t = 0. Project S ha
snow_lady [41]

Answer:

A) $56.5

Explanation:

Data:

Project S

Initial cost $10,000

Y1 CF = $6,000

y2 CF = $8,000

Project L

Initial Investment = $10,000

Y1-Y4 CF = $4,373

Solution:

<u>For Project S</u>

We shall prolong the project to four years so it can be easily compared to project L

Following shall be the cashflow stream:

Y0=-$10,000  Y1=$6,000  Y2=-$2,000($8,000 CF - $10,000 outlay for prolonging the project second time)  Y3=$6,000  Y4=$8,000

Now to discount the cashflow

NPV=-10000/(1+0.0925)^0+6000/(1+0.0925)^1-2000/(1+0.0925)^2+6000/(1+0.0925)^3+8000/(1+0.0925)^4

NPV=4033.40

<u>For Project L</u>

In order to calculate present value of the annuity, following formula will be used:

PV=PMT(1+(1/(1+r)^n)/r

<em>NPV = Initial outlay - PV</em>

4373(1+(1/(1+0.0925)^4)/0.0925=14089.9

NPV=-10000+14089.9

NPV=4089.9

Now, we can easily calculate how much value will the firm gain or lose if Project L is selected over Project S

Value=NPV(L)-NPV(S)

Value=4033.40-4089.90

Value=56.50

<em>*all figures are rounded off to two decimal points*</em>

7 0
3 years ago
If Ming wants a tertiary color, she should combine
Dimas [21]

red and orange because tertiary colors are combinations with primary and secondary colours.




4 0
2 years ago
Read 2 more answers
What does the quantity theory speculate about the cause of inflation?
Gala2k [10]
Well the quantity theory is "The hypothesis that changes in prices correspond to changes in the monetary supply" so when inflation happens the price will increase but when that happens the purchases and the value of money will decrease so will its demand. That's the speculation that the prices will not correspond to the monetary supply  
5 0
3 years ago
Aarp expects agents offering aarp-branded products to demonstrate five key behaviors when interacting with customers. Aarp wants
Andre45 [30]

Answer: Effortless and inspiring

Explanation:

3 0
2 years ago
Other questions:
  • _______ used to create an application that is helpful in designing business process models and also helpful in simulating, optim
    11·1 answer
  • Money in your emergency fund could be wisely used:
    7·1 answer
  • The highest GPA you could achieve if your school allows for weighted credit is:
    14·1 answer
  • A company, which records its delivery trucks at the market price, has violated the following concept:
    10·1 answer
  • The main difference between companies following a broad low-cost strategy and those following a focus low-cost strategy is in th
    6·1 answer
  • Earning revenue ____________________ a. decreases assets, increases liabilities b. increases assets, decreases stockholders' equ
    5·1 answer
  • Consider an income guarantee program with an income guarantee of $6,000 and a benefit reduction rate of 50%. A person can work u
    7·1 answer
  • Fleming corp. provided services on account. the transaction would be recorded with a credit to:
    13·1 answer
  • Company A accounts for its investment in Company B under the equity method. Company A carried the Company B investment at $150,0
    15·1 answer
  • 1. Small Producer is heavily dependent on Massive Mart for product sales. When Massive Mart aggressively negotiates lower wholes
    14·1 answer
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!