Human Resources: Designing compensation and benefits
packages
Explain the common incentives incorporated in compensation.
Answers
Common incentives incorporated in compensation include bonuses, stock options, profit-sharing plans, health insurance, retirement plans, and vacation time.
Bonuses are usually paid annually or quarterly to recognize outstanding performance. Stock options allow employees to purchase company shares at a discounted rate, while profit-sharing plans distribute a portion of company profits to employees.
Health insurance and retirement plans are standard benefits offered to full-time employees, and vacation time is given as paid time off for employees to rest and recharge.
These incentives can help attract and retain top talent, and create a positive workplace culture that values employee well-being and job satisfaction.
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Related Questions
The prosecutor replies that the Bill of Rights does not protect you from state actions. Is the prosecutor correct? Why or why not
Answers
Answer:
I would say no, because the bill of rights refers to ALL Americans. I might be wrong tho.
what is the difference between net sales and gross sales
Answers
Net sales are the sum of a company's total revenue less any reimbursements, allowances, plus discounts.
Calculating net sales is sometimes not immediately apparent from the outside. Frequently, they can be taken into consideration when determining top line revenues that are displayed on the income statement.
Unadjusted for manufacturing costs, gross sales are a measure of a company's entire revenues. In order to calculate gross sales, the total of all sale invoices or related revenue transactions is needed. On the other hand, operating expenses, tax expenses, and other expenditures are not included in gross sales; rather, they are deducted to get net sales.
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What is the best way to respond to a customer complaint? A. Listen to the customer, B. Overcompensate C. Ignore the customer. D. Respond aggressively.
Answers
Answer:
a
Explanation:
u should never let the customer know that they are wrong
The best way to respond to a customer complaint is listen to the customer. It comes under the consumer protection management. The correct option is (A).
What do you mean by Customer Complain?Customer complaints relate to when a firm does not deliver on its commitment and does not satisfy customer expectations in terms of the product or services. Every business's customers are its most important component.
Customer complaints provide your team the chance to engage in open dialogue with your clients.
These exchanges might make your clients feel like they are essential to your success.
Customer complaints give you important information about how well-trained your front-line staff is and how to make improvements.
Therefore, the best way to respond to a customer complaint is listen to the customer. It comes under the consumer protection management.
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Which are functions of money? Select the three correct answers.
A store of value
B. producer of resources
C. unit of account
D. medium of exchange
DE record of finances
F. unit of output
Answers
Answer:
A store of value
C. unit of account
D. medium of exchange
Explanation:
Money has four main functions. They are
The medium of exchange: It the most widely used and accepted instrument for the exchange of goods and servicesUnit of account: Money provides a standard measure of the value of goods and services being exchanged. Store of value: Money is known to keep its value for some period. this enables other commodities, both perishable and non-perishables, to be assigned monetary values Standard of future payments: This function allows for trade to be done on credit terms.A decrease in the basis will __________ a long hedger and __________ a short hedger.
Answers
A decrease in the basis will benefit a long hedger and disadvantage a short hedger.
For a long hedger, a decrease in the basis means that the cash price of the commodity is decreasing relative to the futures price. This can be advantageous for a long hedger because it allows them to sell their commodity at a higher price in the futures market compared to the cash market. The long hedger is essentially locking in a higher selling price and protecting themselves against potential price decreases.
For example, let's say a long hedger wants to sell 150 bushels of corn in the future. If the basis decreases, it means that the price of corn in the cash market is decreasing relative to the futures market. This allows the long hedger to sell their corn at a higher price in the futures market, protecting themselves from potential price declines.
On the other hand, a decrease in the basis can be detrimental for a short hedger. A short hedger aims to protect themselves against price increases by selling futures contracts. When the basis decreases, it means that the cash price of the commodity is increasing relative to the futures price. This can result in losses for a short hedger because they are selling futures contracts at a lower price compared to the cash market.
For example, let's say a short hedger wants to sell 150 barrels of oil in the future. If the basis decreases, it means that the price of oil in the cash market is increasing relative to the futures market. This means that the short hedger is selling their oil at a lower price in the futures market compared to the cash market, resulting in potential losses.
To summarize, a decrease in the basis benefits a long hedger by allowing them to sell at a higher price in the futures market, while it can be detrimental for a short hedger as it may result in losses.
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Cain Company reports net cash provided by operating activities of $35,000. It also reports the following information under “Adjustments to reconcile net income to net cash provided by operating activities” on its statement of cash flows (using the indirect method).
Answers
It can be seen from the solutions given that Cain's net income is $24,000.
Here is the solution:Net income = Net cash provided by operating activities - Adjustments
= $35,000 - $6,000 - $10,000 + $4,000 + $7,000 + $4,000
= $24,000
Therefore, Cain's net income is $24,000.
Here is a breakdown of the adjustments:
To determine cash flow from operations, it is necessary to include the gain on equipment sales in the net income as it is a non-cash entry.
A rise in accounts receivable implies that customers are prolonging payment of their invoices, resulting in decreased cash flow from the company's activities.
The depreciation expense is classified as a non-cash expense, hence it must be included in the calculation of cash from operations by adding it back to the net income.
A decrease in inventory indicates that the company is experiencing faster turnover of its inventory, leading to increased cash flow generated by its operations.
A rise in prepaid expenses denotes that the company is channeling more funds towards prepaid expenditures like insurance and rent, implying a reduced cash inflow from its operational activities.
A decline in the amount of wages that the company owes indicates that it is not promptly compensating its workforce. Consequently, this implies that the company's operational cash flow is reduced.
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a manufacturer estimates its factory overhead costs to be $30,000 and machine hours to be 4,000 for the year. if the actual hours worked on production total 3,800 and the actual factory overhead costs are $28,000, what is the amount of the over- or underapplied factory overhead?
Answers
If a manufacturer estimates its factory overhead costs to be $30,000 and machine hours to be 4,000 for the year. The amount of the over- or underapplied factory overhead is :$500 overapplied.
How to find the over- or underapplied factory overhead?First step is to find the estimated overhead rate
Estimated overhead rate = 30,000/4,000
Estimated overhead rate = $7.5
Now let find the over- or underapplied factory overhead
Over- or underapplied factory overhead = ($7.5 x 3,800) -$28,000
Over- or underapplied factory overhead = $500 overapplied
Therefore the over- or underapplied factory overhead is $500 overapplied.
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what are the effects on fixed labor cost and fixed labor cost percentage when an operation's sales increase? cost of fixed labor increases and fixed labor cost percentage increases cost of fixed labor increases and fixed labor cost percentage decreases cost of fixed labor is unchanged and fixed labor cost percentage increases cost of fixed labor is unchanged and fixed labor cost percentage decreases
Answers
Labor expenses that change with production are known as variable costs. The hourly wage of an employee is an excellent illustration of a typical variable labor cost. Many sectors rely on contingent labor
Describe labor work?providing by people of the commodities or services offered by an economy. Work is required by industry for production, including the physical labor required for childbirth (such as cervical dilation and uterine contractions). also: the time frame for such work.
What does labor in work mean?The effort of people put forth to produce goods and services is referred to as labor. When it refers to employees, we take them all into account. It also denotes work, particularly manual labor. Saying "The repairs cost us $40 additional $20 for labor," for instance
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Ethical behavior is a subset of which skillset?
professional skills
technical skills
professional conduct
interpersonal skills
Answers
Answer:
C). Professional Conduct
Explanation:
Ethical behavior is characterized as the obedience of moral principles like fairness, honesty, and equity. Such behavior recognizes the individual diversity and offers equal rights and respect to the dignity and integrity of every individual. It is one of the significant aspects of 'professional conduct' which promotes professionalism, healthy work relationships, mutual understanding, and maximize the output. Thus, option C is the correct answer.
Answer: Professional conduct is the answer
Explanation:
I just took the quiz and got the answer right
(02.10 LC) What strategy works best to get out of a rut?
A) Attitude
B) Belief
C) Flexibility
D) Selling out
Answers
Answer is C Flexibility because that's the only thing that goes in the exercise category.
Explanation: I hoped that Helped!!
Answer:
Flexibility.
Explanation:
Cognitive flexibility refers to the brain’s ability to transition from thinking about one concept to another. The quicker you are able to switch or “shift” your thinking from one dimension (e.g. color of an object) to another (e.g. shape of an object), the greater your level of cognitive flexibility.
Which cable news network produces the most straight reporting?
A. MSNBC
B. ESPN
C. CNN
D. FOX
Answers
Answer:
C.
Have a good morning✨
Answer:
A
Explanation:
Banks are not considered safe to store your money in True or False
Answers
Answer:
false
Explanation:
L uses their dividends to purchase single premium additional permanent benefits at L's attained age. Which dividend option is L exercising
Answers
L is exercising the "Paid-Up Additional Insurance" (PUA) dividend option when they use their dividends to purchase single premium additional permanent benefits at L's attained age.
The PUA option allows a policyholder to receive dividends declared by the insurance company and use them to purchase additional insurance coverage without having to provide evidence of insurability. The coverage is typically paid in a single premium and provides additional death benefit protection beyond the face amount of the policy.
It's important to note that the specific details of L's policy and the availability of the PUA option may vary depending on the insurance company and the terms of the policy. It's always a good idea to review the policy documents and consult with a financial advisor if you have any questions or concerns about your insurance coverage.
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Any voluntary disenrollment occurring within three (3) months of the membership effective date is considered a rapid disenrollment and will result in a chargeback of the full commission paid.a) trueb) false
Answers
Answer: true
Explanation:
The reports available on Aetna's producers world are ones Medicare business book, month or year of commission report and licensing reports.
The requirements necessary to have ready-to-sell Aetna Medicare status are
Aetna Individual Medicare certification for the products one intend to sell, active contract through Medicare Producer Contracting site, having a licensed in the state one wants to sell and also passed ng a check done background.
Any voluntary disenrollment occurring within three (3) months of the membership effective date is considered a rapid disenrollment and will result in a chargeback of the full commission paid is true.
please help me!!! I literally have no clue what it is
Answers
Answer:
Critical Thinking,Mathematics, and Operation and Control.
Explanation:
an employee can be dismissed if their job surplus to requirements' outline why this state ment is false
Answers
is the means of attaining an organizations goals using resources effectively
Answers
Yes, the means of attaining an organization's goals using resources effectively is **efficiency**.
Efficiency refers to the ability of an organization to utilize its resources in the most optimal way to achieve desired outcomes. It involves maximizing output or results while minimizing inputs or resources. Efficient resource allocation and utilization are crucial for organizations to operate effectively and achieve their goals.
By being efficient, organizations can streamline processes, eliminate waste, and improve productivity. This includes effectively managing human resources, financial resources, materials, and technology to maximize output and minimize costs. Efficiency enables organizations to make the most of their resources, increase profitability, and gain a competitive advantage in the market.
Efficiency is a key aspect of organizational performance and is often measured through various metrics, such as cost-effectiveness, productivity, and resource utilization. It is an ongoing process of continuous improvement and optimization to ensure that resources are used efficiently and effectively in pursuit of organizational goals.
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How much is it to start a buissness?
Answers
Answer:the average cot to start a business is 30,000
Explanation:
Express your imagenester AEG MNC Foto A solid sphere 29 cm in radius carries 15 C, distributed uniformly throughout its volume Part A Find the electric field strength 19 cm from the sphere's center Express your answer in meganewtons per coulomb. VO) AXD 2 MN/C Submit Previous Answers Request Answ X Incorrect; Try Again; 4 attempts remaining Part B Find the electric field strength 20 cm from the sphere's center Express your answer in meganewtons per coulomb. A solid sphere 29 cm in radius carries 15 C distributed uniformly throughout its volume. Find the electric field strength 19 cm from the sphere's center Express your answer in meganewtons per coulomb. 0 AED E = MN/C Submit Previous Answers Request Answer X Incorrect; Try Again; 4 attempts remaining Part B Find the electric field strength 29 cm from the sphere's center Express your answer in meganewtons per coulomb.
Answers
In the following question, among the conditions given, Part A: 2.187 meganewtons per coulomb. Part B: 1.959 meganewtons per coulomb. Part C: 0.918 meganewtons per coulomb.
To find the electric field strength at a point outside a uniformly charged sphere, we can use the formula:
E = kQ/r^2
where E is the electric field strength, k is the Coulomb's constant (9 x 10^9 N m^2/C^2), Q is the total charge of the sphere, and r is the distance from the center of the sphere to the point where we want to find the electric field.
Part A: The distance from the center of the sphere to the point where we want to find the electric field is 19 cm. So, we have:
E = kQ/r^2
E = (9 x 10^9 N m^2/C^2)(15 C)/(0.19 m)^2
E = 2.187 MN/C
Therefore, the electric field strength at a point 19 cm from the sphere's centre is 2.187 meganewtons per coulomb.
Part B: The distance from the center of the sphere to the point where we want to find the electric field is 20 cm. So, we have:
E = kQ/r^2
E = (9 x 10^9 N m^2/C^2)(15 C)/(0.20 m)^2
E = 1.959 MN/C
Therefore, the electric field strength at a point 20 cm from the sphere's center is 1.959 meganewtons per coulomb.
Part C:
The distance from the center of the sphere to the point where we want to find the electric field is 29 cm. So, we have:
E = kQ/r^2
E = (9 x 10^9 N m^2/C^2)(15 C)/(0.29 m)^2
E = 0.918 MN/C
Therefore, the electric field strength at a point 29 cm from the sphere's center is 0.918 meganewtons per coulomb.
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Like the bylaws of other corporations, the bylaws of Retail Sales, Inc.
options:
1) establish the operating name of the corporation.
2) establish the value and classes of corporate stock.
3)were adopted at its first organizational meeting.
4) were submitted for approval to the public official in charge.
Answers
Like the bylaws of other corporations, the bylaws of Retail Sales, Inc. 2: " establish the value and classes of corporate stock."
Bylaws are an important legal document that outlines the rules and regulations governing the operations of a corporation. Similar to the bylaws of other corporations, the bylaws of Retail Sales, Inc. serve various purposes. However, the specific option mentioned in the question is that they establish the value and classes of corporate stock.
This means that the bylaws of Retail Sales, Inc. provide guidelines on the valuation of the company's stock and the different classes or types of stock that may exist. The bylaws play a crucial role in defining the rights and privileges associated with different stock classes and facilitate the smooth functioning of the corporation.
Option: Option 2 is the correct answer.
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Your beloved 15-year-old dog is very sick. He won’t eat, can barely walk, and looks miserable. The vet says you
should consider “putting him down” to spare him suffering. You can’t bear to part with him. What should you do?
Answers
Answer:
Put him down. If you truly love your dog you would put your feelings aside and end his pain.
I've had to make this decision before and it is incredibly painful, but it's for the sake of your dog.
a company just paid total dividends of $750,000 and reported additions to retained earnings of $2,250,000. the company has 585,000 shares of stock outstanding and a benchmark p/e ratio of 16 times. what stock price would you consider appropriate?
Answers
A stock price of $54.72 would be appropriate.
Given:
Total dividends paid = $750,000
Additions to retained earnings = $2,250,000
Number of shares = 585,000
Benchmark P/E ratio = 16 times.
To determine the stock price, we use the P/E ratio formula;
P/E ratio = Stock price / Earnings per share.
P/E ratio can be computed as follows;
P/E ratio = Market price per share / Earnings per share
If the benchmark P/E ratio is 16 times, it means the stock price of the company will be 16 times its earnings per share. Let's first determine the earnings per share.
Earnings per share = (Additions to retained earnings - Total dividends paid) / Number of shares
Earnings per share = ($2,250,000 - $750,000) / 585,000 = $3.42
P/E ratio = 16 times
Therefore, we can compute the stock price by rearranging the P/E ratio formula as follows; Stock price = P/E ratio * Earnings per share Stock price = 16 * $3.42 = $54.72. Hence, a stock price of $54.72 would be appropriate.
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Which one of these items is NOT a processed material?
O Paper
O Steel
O Sand
O Glass
Answers
Paper was originally tree, steel was metal, glass was heated to become glass
31. the delaware river joint toll bridge commission increased the toll on the bridges on route 22 and interstate 78 from new jersey to pennsylvania from $.75 to $1.25. use the information in the table to answer the questions. (assume that nothing other than the toll change occurred during the months that would affect consumer demand.) number of vehicles crossing the bridges month toll route 22 bridge november $.75 519,347 728,032 interstate 78 bridge december $1.25 433,699 656,267 a) calculate the price elasticity of demand for each bridge. b) the total revenue collected by the commission from these bridges in november was . the total revenue collected by the commission from these bridges in december was . how do your findings relate to your answers in part a?
Answers
The price elasticity of demand for the Route 22 Bridge is -1.055 for a), and the price elasticity of demand for the Interstate 78 Bridge is -0.862 for b)
Calculating the price elasticity of demand for each bridge.Using the formula for calculating price elasticity of demand,ε = (% change in quantity demanded) / (% change in price).The percentage change in the quantity demanded of the Route 22 Bridge would be:
\(\Delta Q/ Q1 = (728,032 - 519,347) / 519,347= 0.4\), or 40%.
The percentage change in the price of the Route 22 Bridge would be:
\(\Delta P/ P1 = (1.25 - 0.75) / 0.75= 0.667\), or 66.7%.
Therefore, the price elasticity of demand for the Route 22 Bridge would be:
\(\epsilon = (0.4 / 0.667) = -1.055\).
The percentage change in the quantity demanded of the Interstate 78 Bridge would be:
\(\Delta Q/ Q1 = (656,267 - 433,699) / 433,699= 0.512\), or 51.2%.
The percentage change in the price of the Interstate 78 Bridge would be:
\(\Delta P/ P1 = (1.25 - 0.75) / 0.75= 0.667\), or 66.7%.
Therefore, the price elasticity of demand for the Interstate 78 Bridge would be:
\(\epsilon = (0.512 / 0.667) = -0.862\).
Part b)Calculating the total revenue collected by the commission from these bridges in November and December.The total revenue collected by the commission from the bridges on Route 22 and Interstate 78 in November was:
\(TR = P * Q= 0.75 * (519,347 + 728,032)= $820,789.25\)
The total revenue collected by the commission from the bridges on Route 22 and Interstate 78 in December was:
\(TR = P * Q= 1.25 * (433,699 + 656,267)= $1,249,832.50\)
Findings in part a) The price elasticity of demand for the Route 22 Bridge and the Interstate 78 Bridge is negative. As a result, the bridges' total revenue should increase as a result of a price increase. Because the elasticity of demand for the Route 22 Bridge is more inelastic than that of the Interstate 78 Bridge, the Route 22 Bridge's total revenue increase was smaller than the Interstate 78 Bridge's total revenue increase.
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Carol works as a manager in her company. The vice president of finance occasionally advises her about her work, although she doesn’t directly report to him. What kind of organizational structure does Carol’s company follow?
Carol’s company follows the BLANK.
Answers
Based on the given scenario in which Carol works as a manager in her company and the vice president of finance occasionally advises her about her work, although she doesn’t directly report to him. The type of organizational structure that Carol's company follows is a Matrix Organizational Structure.
A matrix organizational structure is one in which people report to more than one manager. In a matrix organizational structure, the employees and managers are grouped according to specific functions and projects. Rather than being grouped based on their functions alone, individuals are grouped based on their product or project-related skills and experience.
The matrix organizational structure combines the features of both the functional and divisional organizational structures. It is suitable for companies that frequently change and demand a high level of communication across all departments and divisions.
The key advantages of using the matrix organizational structure include, but are not limited to the following:
It enhances effective resource utilizationIt enhances flexibility and adaptability of resourcesIt enhances coordination between different functional unitsIt enhances communication and information exchangeIt enhances the sharing of knowledge and expertise among employeesTherefore, Carol's company follows the Matrix Organizational Structure.
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Which one of the following is not a recognized form of business?
B Corp
Cooperative
S Corp
T Corp
Answers
Option (d), T Corp is not a legally recognized type of corporation.
T Corp: What is it?To local governments in New South Wales that are judged to be financially secure, TCorp offers long-term, competitively priced infrastructure loans in conformity with credit conditions. Learn more.
New South Wales Treasury Corporation is the primary source of funding for the state of New South Wales's public sector (TCorp). Its major objective is to provide financial services to the government of New South Wales as well as other public agencies and companies.
The option that comes next is not a category of company organization.The primary kind of business structure is not limited unregistered businesses. This type of business formation does not exist. All legal forms of business entities, including corporations, partnerships, and sole proprietorships, are acceptable.
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what is multi mirror function in shopping malls and shop
Answers
Big shoppin stores are inside a large complex and it is not possible to have so many employees to look over each and every counter in the complex individually . So owners have to find something by which they could look over a large place at once and in this way the mampower required would also be less. So, to attain this need ,they use convex mirrors to watch the activities of the customers . Convex mirror is used as it has a large field of view , hence it allow the shopkeeper to track all the activities inside the store at once and for all.
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how do effective diversity and inclusion programs typically impact a firm's reputation?
Answers
Effective diversity and inclusion programs can have a positive impact on a firm's reputation in several ways: Enhanced Brand Image, Improved Employee Engagement, Attraction and Retention of Talented Workforce, Positive Stakeholder Perception and Enhanced Innovation and Problem-Solving.
Enhanced Brand Image: Companies that prioritize diversity and inclusion demonstrate a commitment to creating an inclusive and equitable work environment.
Improved Employee Engagement: Diversity and inclusion programs create a sense of belonging and fairness among employees. When employees feel valued and respected for their unique perspectives and backgrounds, they are more likely to be engaged and committed to their work.
Attraction and Retention of Talented Workforce: A strong diversity and inclusion program can make a company an attractive employer for a diverse pool of talent. Candidates, particularly those from underrepresented groups, are more likely to be interested in working for organizations that prioritize diversity and inclusion.
Positive Stakeholder Perception: External stakeholders, such as investors, suppliers, and community members, are increasingly interested in the diversity and inclusion practices of the companies they engage with.
Enhanced Innovation and Problem-Solving: Diversity and inclusion bring a variety of perspectives, experiences, and ideas to the table. By fostering an inclusive culture that encourages diverse voices to be heard, companies can tap into a wealth of different viewpoints.
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Mandy used to work as a costume designer at her local theatre until she left work 3
years ago to bring up her daughter Natalie, now 4 years old. Mandy now works from
her house in Slough where she provides, makes and sells hand made glove puppets.
At the moment she sells at local craft fairs and through word of mouth. She now
wants to expand her business to include an on line shop and also to provide puppet
shows for children's parties and puppet making workshops for slightly older
children's parties.
1. Identify 2 reasons why Mandy may need to raise finance.
(2 marks)
2. Explain 1 advantage and 1 disadvantage to Mandy of taking out a bank loan.
(4 marks)
3. Mandy is considering applying for an additional mortgage on her house to
finance the business expansion. Do you think this is a good idea? Justify your
(9 marks)
answer.
Answers
Answer:
1. Mandy may need to raise a finance because she wants to expand her business, so therefore she may need extra money.
2. 1 advantage of taking out a bank loan is that she could build up her business with the money she’s taking out and the disadvantage is that her business may not work out or she won’t be able to pay the bank back
3. It may be a good idea to finance the business expansion because she may or may not grow her business after expanding it. But after expanding it there is possible chances of her business working out and growing more.
Explanation:
difference between associative and commutative property
Answers
Answer:
The associative property of addition states that you can group the addends in different ways without changing the outcome. The commutative property of addition states that you can reorder the addends without changing the outcome.
Explanation: