The Plan Based on a Change in the Ratio Between

question 29

Multiple Choice

The plan based on a change in the ratio between labor costs and dollar value added is called the:

• A) ​Scanlon plan.
• B) ​Improshare plan.
• C) ​Skill-base pay plan.
• D) ​Rucker plan.
• E) ​Production plan.

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Definitions:

Organizing Trends

Emerging patterns or developments in how individuals or organizations arrange, systematize, and structure work and operations.

Contemporary Organizations

Modern entities or groups that are structured and managed to meet a need or to pursue collective goals in the current era.

Operating Efficiency

A measure of how effectively a company uses its assets to generate revenue, often reflected in the ratio of operating income to total assets.

Full-Employment Economy

An economic condition in which virtually all who are able and willing to work are employed.