What Is an Organization-Level Incentive Plan That Is Intended to Motivate

question 95

Multiple Choice

What is an organization-level incentive plan that is intended to motivate employees to align their activities with the organization's goals?

• A) profit sharing
• B) gainsharing
• C) merit pay
• D) group bonus
• E) Scanlon plan

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Definitions:

Total Revenue

The total amount of money a firm receives from sales of its products or services before any expenses are subtracted.

Demand

The total quantity of a good or service that consumers are willing and able to purchase at various price levels at a given time period.

Unit Elastic

A demand or supply situation where a percentage change in price results in an equal percentage change in the quantity demanded or supplied.

Revenue Inelastic

A situation where the revenue from a product does not significantly change with fluctuations in its price, indicating a low sensitivity to price changes.