Answer:
A. The Point system
Explanation:
Job evaluation is the process of comparing the the value of a job in relation to other jobs. It compares jobs, to assess their relative worth for the purpose of establishing a rational pay structure.
The point system is a type of quantitative job evaluation procedure that breaks down job based on various identifiable factors such as skill, effort, training, knowledge, hazards, responsibility, etc. Thereafter, points are allocated to each of these factors. In this method of job evaluation, each factor is given weight based on their importance in performing the job. thereafter, points allocated to each of the are then summed and the job pay is allocated based on the total points of each job.
Answer:
The answer is:
- Better customer satisfaction
- Greater employee job satisfaction
Explanation:
The advantages of work teams include
- <u>better customer satisfaction</u> and
- <u>greater employee job satisfaction</u>.
<u>Better customer satisfaction:</u>
Work teams can be trained to meet the needs of specific customers. Teams also help to improve the product and service quality in different ways and also take direct responsibility for their products and services. All these help to improve customer satisfaction.
<u>Greater employee job satisfaction:</u>
Team work helps the employees in work teams to improve their skills through cross training. Their capabilities also increases and makes their work more interesting. All these help to increase job satisfaction. They also enjoy job satisfaction through unique job responsibilities acquired through work teams. Social loafing is a disadvantage of work teams and they also have the disadvantage of initial high employee turnover.
The items that describe a free market economy are :
- Freedom for consumers and producers
- Distribution by price
- Motivated by self-interest
Hope this helps
Explanation:
The Journal entry is given below:-
1 January 2020 No Entry
31 December 2020 Compensation Expense Dr, 6,580
To, Paid-In-Capital 6,580
(Being the compensation expense stock-option plan is recorded)
Working Note:-
Compensation Expense
= $7 × 4,700 ÷ 5
= $7 × 940
= $6,580
Answer:
Increase, Decrease
Explanation:
A decrease in the supply results in many buyers competing for very few goods. If the demand is constant, the quantity supplied and price have an indirect relationship. A decrease in the volume of supplied results in an increase in price. Many buyers will be competing for a few products causing the equilibrium price to increase.
A decrease in supply will cause the quantity available for buyers to buy to decline. Consequently, the volume purchased will be fewer. Equilibrium quantity will, therefore, decrease.
