Exam 3 Flashcards
1
Q
“predetermined” basis of payment for a job completed
A
standard hour plan
2
Q
Used to retain executives
A
golden handcuffs
3
Q
one of 3 required employee benefits if only 1 employee - for accidents
A
workmans comp
4
Q
awards tied to performance objectives
A
merit guidelines
5
Q
“earning” guarantee of funds that have been set aside for retirement
A
vesting
6
Q
encourages early retirement
A
silver handshake
7
Q
annual program of current/deferred compensation based on profits
A
profit sharing
8
Q
helps managers translate strategic goals into operational objectives
A
balanced scorecard
