Which of the Following Is True About Gain-Sharing Pay Plans

question 41

Multiple Choice

Which of the following is true about gain-sharing pay plans?

• A)They foster competition among employees, instead of cooperation.
• B)They are simple to administer.
• C)They do not bring about clear performance-reward links.
• D)They ensure that payouts occur only when a company's financial performance is good.
• E)They help increase employees' knowledge of business.

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Definitions:

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Peace Ship

Henry Ford's 1915 initiative to send a ship to Europe carrying American activists in an effort to negotiate an end to World War I; it was met with skepticism and did not achieve its goal.

Henry Ford

An American industrialist and founder of the Ford Motor Company who revolutionized factory production with his assembly line methods, significantly impacting the automobile industry.

Negotiated Settlement

A resolution reached through direct negotiations between parties, often used in legal disputes, conflicts, or diplomatic disagreements.