Answer:
-Managers will be driven to achieve their targets since these incentives will be awarded only if the company's performance is strong.
Explanation:
Variable pay refers to bonuses or commissions granted upon reaching specific objectives. This type of remuneration serves as a reward for employees achieving their goals.
Conversely, base salary is a constant payment made irrespective of how well one performs.
In this instance, where the HR director at Clearwater Electronics has been tasked with advising the board regarding a proposed variable compensation scheme for senior executives across various departments, such a plan will incentivize those executives to excel, as they will be rewarded if the company accomplishes its objectives
Response:
C. Locate a lender that is prepared to provide FHA loans.
Explanation:
The FHA loan program was established by the U.S. government to make home ownership more accessible for citizens. To qualify, the minimum credit score required is 500, with a down payment of 3.5% for scores of 580 or above, and 10% for scores between 500 and 579. Additionally, mortgage insurance must be acquired, and the proposed property must comply with FHA standards.
However, it is not within his control to find a lender offering FHA loans, as the lender must be sanctioned by the Federal Housing Administration. He can only secure a loan from a financial institution approved by the FHA.
