Gainsharing Is an Incentive Plan That

question 59

Multiple Choice

Gainsharing is an incentive plan that .

• A)uses a trust to hold stock in individual employee accounts and distributes it to employees upon retirement
• B)engages many or all employees in a common effort to achieve a company's productivity objectives with any resulting cost-savings gains shared among employees and the company
• C)contributes company shares of its own stock or cash to be used to purchase company stock to a trust established to purchase shares of the firm's stock for employees
• D)provides tax advantages for employees by deferring income taxes, often until the employee retires
• E)involves the firm simply distributing a percentage of profits as profit shares to employees at regular intervals

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Definitions:

Nihonga

A Japanese painting style that emerged in the late 19th century, characterized by traditional techniques and materials.

Haboku

A style of Japanese ink painting characterized by a spontaneous, broad brush technique that captures the essence of the subject.

Rinzai School

A sect of Zen Buddhism that originated in China and emphasizes kensho (seeing one's true nature) and zazen (meditation) as the path to enlightenment, with a significant presence in Japan.

Oil Painting

A painting technique using oil-based pigments that rose to prominence in northern Europe in the 15th century and is now the standard medium for painting on canvas.