In the Context of Incentive Systems, Profit-Sharing Plans

question 38

Multiple Choice

In the context of incentive systems, profit-sharing plans

• A) reward individual performance.
• B) are used to reward employees for increasing productivity in areas under their control.
• C) are usually implemented in the division or the organization as a whole.
• D) are given on the basis of how a worker's performance measures against an objective standard.
• E) do not give all employees a stake in the company's success.

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Definitions:

Concrete Operational

A stage in Piaget's theory of cognitive development (ages 7-12) where children gain a better understanding of concrete events and logical operations, but struggle with abstract concepts.

Phonics

A method of teaching reading and spelling that stresses symbol-sound relationships, used especially in early grades.

Language

A system of communication used by a particular community or country, consisting of written, spoken, or gestural symbols.

Stanford-Binet Intelligence Scale

A standardized test that measures intelligence and cognitive abilities in children and adults, originating from the early 20th century.