Answer: Payment for Knowledge
Explanation:Training is a key aspect for a company's improvement development and success. It is beneficial to both employers and employees of an organization. An employee will become more efficient and productive if he is trained well.
Due to the continuous updates and improvement in the world technology relating to businesses, Most Organisations are willing to pay for training thier employees off the job so to cope up with those changes, improve the working conditions, and enhance their knowledge.
Even though such training are costly,on the long run, they improve efficiency and productivity of employees. Well trained employees show both quantity and quality performance leading to optimal use of time, money and resources.
The company seeking for Zach to learn to manage multiple departments, and proferring to pay his tuition while he earns an mba at stanford university and give him a $20,000-a-year raise once he gets his degree shows that the company is willing to pay for more knowledge as that hopefully will go a long way to improve their productivity when he returns.
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Answer;
Based on Supply and demand; If a more people want a commodity, it is in greater demand, thus the price will be higher, and if less people want a commodity, the price will be lower.
Explanation;
In a market the price is determined using the law of demand and supply in that particular market. Demand is the quantity of goods that consumers are willing and able to buy at a given price while supply is the quantity supplied by suppliers at a particular price.
If a more people want a commodity, it is in greater demand, thus the price will be higher, and if less people want a commodity, the price will be lower.
Answer: Market based transfer pricing
Explanation:
A transfer price is the price which is charged by one division of an organization for the product or service which is supplied to another division of the same organization.
The three main criteria which must be satisfied by transfer pricing system in the decentralized company are:
(1) provision of information that allows central management to assess the divisions based on their contribution to total profit of the company
(2) stimulate every manager’s efficiency without the loss of the division’s autonomy.
(3) motivation of the divisional managers in order to accomplish their own profit goal in a way that contributes to the success of the company.
This is market based transfer pricing because the $220 transfer price that is selected is based on quoted external price.
