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wlad13 [49]
2 years ago
7

What of these is related to financial incentives

Business
1 answer:
Marrrta [24]2 years ago
8 0

Answer:Examples of financial incentives

Financial incentive(Monetary incentives):

It includes salary, bonus ,commission, retirement benefits, stock incentive and other financial perquisites like free house servant, car, medical facility e.t.c.

Explanation: Following are the main types of financial incentives:

1. Pay and Allowances: Salary is the basic monetary incentive for every employee. Beside basic salary, it also includes dearness allowance, travelling allowance and at times some other allowances too. It also consists of continuous increment in the pay every year and increase in allowances from time to time.

2. Productivity Linked Wage Incentives: Sometimes wage incentive plans are linked with payment of wages to increase productivity at individual or group level. Their quantum is based on actual output against targets.

3. Bonus: It is the incentive which is given over and above the salary or wages of the employees. Many companies offer the bonus during the festivals Diwali, New Year etc.

4. Profit Sharing: It refers to providing a share to employees in the profits of the organisation. This helps in motivating the employees to improve their performance and to contribute their maximum effort for increasing the profits.

5. Co-partnership/Stock Option: Under this incentive scheme, employees are offered shares at a price which is lower than the market price. This practice helps in creating a feeling of ownership among employees and motivates them to give their maximum contribution towards organisational growth. For example, in Infosys this scheme has been successfully implemented.

6. Retirement Benefits: Various retirement benefits such as provident fund, pension and gratuity, act as an incentive to an employee when they are in service in the organisation.

7. Perquisites: Various perquisites and fringe benefits, such as car allowance, housing, medical aid, education to the children etc. provided by the companies over and above the salary, also help in motivating the employees.  

Hope this helps :)

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olasank [31]

Answer:

 Marketing Information Management and Research, Distribution and Logistics, and Marketing Communications and Promotion employees can work in offices

Explanation:

I took this test before and this was the answer

3 0
2 years ago
Read 2 more answers
Justin Company's budget includes the following credit sales for the current year: September, $25,000; October, $36,000; November
nikklg [1K]

Answer:

$31,100

Explanation:

Calculation to determine How much cash can Justin expect to collect in November as a result of current and past credit sales

First step is to calculate November sales

November sales =(15% × $30,000)

November sales=$4,500

Second step is to calculate October sales

October sales= (60% × $36,000)

October sales=$21,600

Third step is to calculate September sales

September sales=(20% × $25,000)

September sales=$5,000

Now let calculate the Total cash receipts using this formula

Total cash receipts=September sales+October sales+November sales

Let plug in the formula

Total cash receipts=$4,500+$21,600+$5,000

Total cash receipts=$31,100

Therefore the amount of cash that Justin can expect to collect in November as a result of current and past credit sales is $31,100

5 0
3 years ago
Rodriguez, Inc., is preparing its direct labor budget for 2020 from the following production budget based on a calendar year. Qu
Veseljchak [2.6K]

Answer:

Instructions are below.

Explanation:

Giving the following information:

1st Quarter= 20,400

2nd Quarter= 25,370

3th Quarter= 35,420

4th Quarter= 30,200

Each unit requires 1.8 hours.

Direct labor rate= $18

<u>The direct labor budget is calculated using the total hours required for each quarter, and the direct labor rate.</u>

Q1:

Total hours required= 1.8*20,400= 36,720

Total cost= 18*36,720= $660,960

Q2:

Total hours required= 1.8*25,370= 45,666

Total cost= 18*45,666= $821,998

Q3:

Total hours required= 1.8*35,420= 63,756

Total cost= 18*63,756 = $1,147,608

Q4:

Total hours required= 1.8*30.200= 54,360

Total cost= 18*54,360  = $978,480

8 0
2 years ago
Spree Company sold $769,300 of goods during the year at a cost of goods sold of $548,600. Inventory was $31,283 at the beginning
Zarrin [17]

Answer:

16.42

Explanation:

Data provided in the question:

Cost of goods sold =  $548,600

Beginning inventory of the year = $31,283

Ending inventory of the year = $35,538

Now,

the Inventory turnover ratio is calculated as;

⇒ ( Cost of goods sold ) ÷ ( Average inventory of the year )

Also,

Average inventory of the year = \frac{\textup{Beginning inventory + Ending inventory}}{\textup{2}}

= \frac{\$31,283+\$35,538}{\textup{2}}

= $33,410.5

Therefore,

Inventory turnover ratio = $548,600 ÷  $33,410.5

= 16.42

6 0
3 years ago
Which form of print presentation is a paid medium?
PSYCHO15rus [73]
I would say the most common type of paid medium is C, a newspaper.
This is due to the fact that you can subscribe to your local newspaper for a fixed amount of money monthly or yearly. It also includes advertising, ads, and branded content for business looking to get profit and growth.
8 0
3 years ago
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