Developed in the 1930s, the Scanlon Plan Is a Variation

question 32

Multiple Choice

Developed in the 1930s, the Scanlon plan is a variation of a(n)

• A) profit-sharing plan.
• B) gainsharing plan.
• C) merit pay plan.
• D) individual bonus.
• E) commission plan.

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Definitions:

Interest Payable

This refers to the amount of interest expense that has accrued but has not yet been paid by the company.

Periodic Bond Interest Payments

The regular interest payments made to bondholders during the life of the bond.

Present Value

The immediate value assigned to a future sum of money or cash movements, based on a particular return rate.

Interest Period

The duration over which interest is calculated on a loan or investment, which could be monthly, quarterly, semiannually, or annually.