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:

Value-Added

The enhancement added to a product or service by a company before offering it to customers, representing the difference between the cost of inputs and the value of outputs.

Lean Principles

A management philosophy focused on minimizing waste within manufacturing systems while simultaneously maximizing productivity.

Service Businesses

Companies that provide intangible products or services, such as consulting, repair, or maintenance.

Non-Value-Added

Processes or activities that do not add value or contribute to the customer's perceived value of a product or service.