Consider the Flowchart Below as You Respond to the Next

question 47

Multiple Choice

Consider the flowchart below as you respond to the next question: Flowcharts should be organized in columns based on areas of responsibility. The process depicted would benefit from reorganization into __ departments within the company.

• A)Two
• B)Three or four
• C)Five or six
• D)More than six

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Definitions:

Profit-Sharing Plan

A corporate program in which a company shares a portion of its profits with its employees, typically in the form of a bonus or retirement contribution.

Scanlon Plan

A gainsharing program designed to encourage productivity and cost-saving initiatives by sharing the resultant financial gains with employees.

Labour Input

The total hours worked by employees or the effort put in by employees towards the production of goods or services.

Gain-Sharing Plans

Performance-based compensation strategies designed to encourage teamwork and improve productivity by sharing the financial gains with employees.