Answer: availability of information and increased interaction throughout the organization
Explanation: An enterprise systems is described as an integrated suite of business applications for virtually every department, process, and industry, that allows companies and organizations to integrate information across operations on a company-wide basis by the use of one large database and as a result, there is an upward increase in the availability of information which leads to increased interaction across departments, processes, and industries throughout the organization.
Answer:
a.$ 2,367.36
b.$ 3,105.85
c.$ 3,642.48
Explanation:
The future value formula applicable in all the three cases is stated thus:
FV=PV*(1+r)^n
PV is the amount today which is $1000 in all cases
r is the rate of interest (i.e 9%,12% and 9%)
n is the time the amount is invested( i.e 10,10 and 15 years)
FV=1,000*(1+9%)^10=$ 2,367.36
FV=1000*(1+12%)^10=$ 3,105.85
FV=1000*(1+9%)^15=$ 3,642.48
In an organization where there is a culture that supports cooperation and problem solving, the compensation program that would best reinforce that culture is cooperation, and problem-solving within an organization is gainsharing.
In terms of employee participation in decision-making, the more agents, the less monitoring effort. Short-term pay and benefits levels tend to be below market standards when organizations pursue growth strategies.
Expectation theory implies that associating more rewards with performance increases motivation and performance. Proponents of cognitive appraisal theory may challenge this assumption by arguing that: monetary rewards may decrease extrinsic motivation.
A compensation strategy outlines a company's approach to employee pay and benefits. These include the position of your company in the labor market, the size of the total fund, the main principles of bonuses within the organization, and the rules regarding basic salaries and employee benefits.
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