Gainsharing Plans Differ from Profit-Sharing Plans in That

question 45

Multiple Choice

Gainsharing plans differ from profit-sharing plans in that

• A)gainsharing plans use organization-wide performance parameters.
• B)gainsharing plans distribute payouts more frequently.
• C)gainsharing plans make lump sum payments.
• D)gainsharing plans can be attached to all types of jobs in the organization.
• E)gainsharing plans discourage pursuit of broader goals of the group.

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Definitions:

Bona Fide

A genuine, authentic condition or quality without intent of deceit.

Strategic Assets

Valuable resources owned by a company that are instrumental in maintaining its competitive edge and achieving long-term goals.

Organizational Success

The achievement of the objectives and goals set by a business or institution, often measured by financial performance, market share, or satisfaction levels among stakeholders.

Human Resource Practices

Refers to the strategies, policies, and processes implemented by an organization to manage its workforce effectively.