C8

The Alpha company ships an order to a customer on March 1st and invoices the customer for the product with the shipment, with payment terms of net 30 days. The customer’s payment is received on April 5th. The payment clears the bank and shows on Alpha’s account on April 8th....

What is the most accurate definition of organizational vision?A . A description of who the organization is, where it is headed and what it wants for the futureB . A written explanation of the intention or purpose of the organization and why it is in businessC . A statement of...

Assessment of current and future staffing needs should be based primarily on what?A . Compensation budgets only because staffing cannot exceed the funds availableB . A combination of organizational goals and budget realitiesC . The consensus of HR management and line management estimatesD . The opinions of senior leaders in...

Gross margin is which of the following, as percent of revenue?A . Revenue minus cost of goods soldB . Expenses plus taxes and depreciationC . Gross profit minus expensesD . Cost of goods soldView AnswerAnswer: A

What best describes what forecasting helps the organization to do?A . Recognize possible issues and concerns that will drive budget planningB . Prepare quarterly and annual reports and their associated statementsC . Withhold payroll taxes for all elements of compensationD . Anticipate future capital needs by determining when the organization...

If a company has a higher percentage of employees with fixed compensation than variable compensation, what happens as revenues increase?A . Compensation costs eventually stabilize and become a consistent percent of revenue.B . Compensation costs and revenue increase at approximately the same rate.C . Compensation costs eventually decrease as a...

Using efficient and cost-effective approaches to integrate technology into the workplace is most likely to do what?A . Reduce compensation expenseB . Improve program efficacyC . Select the best vendorsD . Compensate employees competitivelyView AnswerAnswer: B

Which of the following factors has the greatest impact on how aggressive a stance (high vs. low) an organization will take in terms of where it positions itself against the market with its compensation strategy?A . The industry it operates inB . The bottom lineC . The organizational headcountD ....

Which of the following is the earnings available to equity owners after paying debt and taxes?A . EBITB . EPSC . Net incomeD . Operating profitView AnswerAnswer: C

When connecting with other business units, what best describes a reason why is it important to keep up to date on organizational challenges?A . Because you will be more informed when differences of opinion occur, lending more credibility to your positionB . Because you can demonstrate your understanding of issues...