business notes5

business notes5 - 09:30:00 Types of Compensation • Hourly...

Info iconThis preview shows pages 1–4. Sign up to view the full content.

View Full Document Right Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: 21/11/2006 09:30:00 Types of Compensation • Hourly wages • Salaries • Piecework & commission • Accelerated commission schedule • Bonus • Profit Sharing • Fringe benefits ← ← Promotion- an upward move to a position with more authority, responsibility, and pay ← ← Transfer- a horizontal move to a position with about the same salary and organizational level ← ← Demotion- the downgrading or reassignment of an employee to a position with less responsibility ← ← Layoff- temporary separation of an employee arranged by the employer ← ← Termination- permanent separation of an employee arranged by the employer ← ← Resignation- permanent separation of an employee arranged by employee ← ← Retirement- Separation of an employee at the end of his or her career ← ← Chapter 14 21/11/2006 09:30:00 ← Accounting: the process of collecting, recording, classifying, summarizing, reporting, and analyzing financial activities ← ← Managerial Accounting: Accounting that provides financial information that managers inside the organization can use to evaluate and make decisions ← ← Primary Financial Statements...
View Full Document

This note was uploaded on 04/01/2008 for the course BUS 1750 taught by Professor Reck during the Fall '07 term at Western Michigan.

Page1 / 10

business notes5 - 09:30:00 Types of Compensation • Hourly...

This preview shows document pages 1 - 4. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online