Team-based pay for performance programs have a positive effect on behavioural, operational, and ________ outcomes.

Bob Jones was recently permanently laid off. His company, ACME Manufacturing, has issued Bob a cheque that represents one month's pay for every year Bob worked at ACME. What does this cheque represent?

A) Bob's unused vacation pay
B) Bob's unused benefits
C) Bob's unused sick leave
D) Bob's severance pay

Debt is a situation that arises with many consumer-retailer transactions. However, in some cases unpaid debt becomes a serious problem forcing some retailers to use collection agencies to gather monies owed to them by consumers. As a result, the Consumer Protection Act includes specific provisions to govern these agencies. Although it requires them to be licensed, it imposes very few restrictions on the manner in which the agencies collect the money.

The average accounting rate of return is most similar to which one of the following ratios?

A) Profit margin.
B) Return on assets.
C) Return on equity.
D) Payout ratio.
E) Plowback ratio.

What best describes internal controls?

A) A set of processes used to detect errors and irregularities.
B) Procedures used to detect errors and irregularities in asset accounts.
C) A set of processes and procedures to safeguard assets and detect errors.
D) A set of processes and procedures used to detect fraud and find errors in accounting data.

Firms maintain their completive edge by​

A) ​Providing a good at lower costs than their rivals
B) Providing a superior product at the same cost as your rival
C) Being innovative
D) ​All the above