An Incentive Plan That Encourages Employees to Achieve a Company's

question 46

Multiple Choice

An incentive plan that encourages employees to achieve a company's goals and objectives is referred to as

• A)a piece-rate wage plan.
• B)gainsharing.
• C)profit sharing.
• D)overtime.

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Definitions:

Competitive Advantage

The attributes that allow an organization to outperform its competitors, including cost, product quality, or unique business models.

Network

A system of interconnected computers, servers, or devices that can communicate and share resources.

Low-Cost

Referring to products, services, or strategies designed to be affordable or cheaper than the majority of comparable options.

Rivals

Competitors who are in direct competition with one another, often within the same industry or market.