Which of the Following Statements Regarding Incentive Systems Is FALSE

question 27

Multiple Choice

Which of the following statements regarding incentive systems is FALSE?

• A)Bonuses are often used at the executive levels.
• B)About half of all American manufacturing firms use productivity incentives.
• C)Profit-sharing systems provide some part of the profit for distribution to employees.
• D)The Scanlon plan is based on team productivity.
• E)Increasing use of cross-training has led to increasing use of knowledge-based pay systems.

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Definitions:

Lower Quartile

The median of the lower half of a data set, marking the 25th percentile.

Test Scores

Numeric representations of an individual's performance on a standardized test.

Refrigerators

Appliances used for keeping food and drinks cold.

Range

Range in statistics refers to the difference between the highest and lowest values in a dataset, indicating the spread of the data.