CS
Cheyanne Smith
Answers (2)
CS
Answered
How does merit pay differ from incentive pay?
A) Merit pay is awarded to salaried employees while incentive pay is a reward for those who are wage-employees.
B) Merit pay typically relies on subjective performance appraisal ratings, and incentive pay is often based on the achievement of performance that can be quantified.
C) Incentive pay is a permanent increase, and merit pay is a one-time increase in pay.
D) Merit pay plans give managers more latitude in determining large distributions of rewards
E) Merit pay is more closely tied to the organizational vision, strategy, and culture than incentive pay.
A) Merit pay is awarded to salaried employees while incentive pay is a reward for those who are wage-employees.
B) Merit pay typically relies on subjective performance appraisal ratings, and incentive pay is often based on the achievement of performance that can be quantified.
C) Incentive pay is a permanent increase, and merit pay is a one-time increase in pay.
D) Merit pay plans give managers more latitude in determining large distributions of rewards
E) Merit pay is more closely tied to the organizational vision, strategy, and culture than incentive pay.
On Sep 26, 2024
B
CS
Answered
Firms often perform scenario analyses in conjunction with finalizing business plans. Explain the concept and the role it plays in addressing risk in planning.
On Sep 23, 2024
A scenario is a plan put together under a specific set of planning assumptions. A scenario analysis involves creating several scenarios by varying key planning assumptions, and evaluating the sensitivity of the plan's results to the changes. Since all planning assumptions are estimates of the future, none are entirely accurate. Therefore there's a good deal of risk associated with most plans. Scenario analysis lets managers see a range of business performance outcomes that come from likely variations in the factors that underlie planning assumptions. One scenario is eventually chosen as "the" plan, but scenario analysis gives managers a sense for the variability of results around that particular projection.