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Degger [83]
4 years ago
8

________ is a broad comparative concept that refers to how an organization's monetary compensation incentives compare, in genera

l, to those of other organizations in the same industry employing similar kinds of workers.
Business
1 answer:
solmaris [256]4 years ago
6 0

Answer:

Bench-marking

Explanation:

Bench-marking is the process of comparing an organization's procedures and performances against the best practices in the industry.  A firm will compare its key indicators against those of similar companies.  Some of the indexes that firms compare are the quality of products, production costs, strategies, and employee salaries.  

A benchmark acts as a reference point or a base for standards.  An organization uses benchmarks to identify areas it needs improvements . The benchmarks report will point out if a company is overpaying or underpaying its employees.

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Disposable personal income is A. personal income minus indirect business taxes. B. national income minus depreciation. C. person
Anni [7]

Answer:

C. personal income minus personal taxes.

4 0
3 years ago
Explain the difference between fixed and variable costs and give two examples of each. Can a company budget for variable costs?
galben [10]

Answer:

Fixed cost in an organization does not change and is fixed while the variable cost keep changing if the production is increased.

Explanation:

Fixed cost are said to be that cost which does not change with production level for a certain limit. Let us suppose there is no change in the rent amount if we have only factory for the production of goods.

But the variable cost are those cost which increases as production increases. More will be the variable cost when the production will be more. Also for per unit basis, the variable cost remains the same.

Fixed cost are not important in decision making if there is an excess of capacity available.

For example,

Direct labor, direct material -- variable cost

Salary of supervisor, rent of factory -- fixed cost

Even though there is not much change in the variable cost, like for suppose material price increases, a company can still make a budget that is based on the past experience and predicting the market prices. Similarly, if there is a machine that uses three units of direct material for a piece if finished product, which is not going to change in the future. Thus the company can make a budget.

5 0
3 years ago
Cristiano Ronaldo is comparing a manufacturing operation using regular lot-sizing and the same operation with a kanban/lean prod
Komok [63]

Answer:

On the off chance that we look at the absolute expense of stock in both the Kanban and standard parcel measuring technique, the complete expense of Kanban stock model will be not exactly ordinary part estimating. This is because of the way that the Kanban technique is a lean strategy and in this manner the abundance requesting of the stock is dodged and just the required quantitiy of the things is set. This decreases the stock administration and buy cost essentially making it less exorbitant than the normal parcel estimating.

4 0
3 years ago
Supposed you have had 10 apples. You gave 4 apples to your friend for Christmas. What portion of the initial amount did you give
shtirl [24]

Answer:

The portion of the initial amount that was given away is:

= 0.40

Explanation:

a) Data and Calculations:

Number of apples available = 10

Number of those apples given to a friend for Christmas = 4

The portion given away = 4/10 = 0.4

This represents 40% of the whole.

b) The portion given away to the friend for Christmas is a proportion of the whole.  In this case, it represents just 40% of the 10 apples.  This means that only 60% or 0.60 of the original apples are still available or on hand because 40% had been given away.

6 0
3 years ago
List and explain six specific ways to control the rising cost of health care.
IgorC [24]
<span>Make the Most of Wellness Programs: Participating in biometric screenings, such as checking blood pressure and cholesterol levels. Let a Discount Card Fill the Gaps: Look for plans that allow you to try it for 30 days and get a refund within that period if you’re not satisfied. Shop Around for the Best Price: Save a significant amount of money simply by changing their health care provider. Get Your Free Preventive Care: By taking advantage of your health plan’s free preventive services, you may be able to identify potential areas of concern before they balloon into something bigger. Make Smart Lifestyle Choices: You can reduce your chances of developing a chronic condition or needing to be hospitalized by eating a balanced diet, staying active and avoiding risky behaviors. Use an HSA with Eligible High-Deductible Plans: Money deposited into an HSA rolls over each year and can be used tax-free for medical expenses, even if your insurance changes.</span>
3 0
3 years ago
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