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:

Honeymoon Stage

A period at the beginning of a new job, project, or relationship where everything seems positive and any difficulties or challenges are minimized.

Cultural Adaptation

The process whereby individuals adjust and become accustomed to the norms, values, and behaviors of a new culture or society.

Explore

To investigate, study, or analyze with the intention of discovering new information or understanding something more thoroughly.

Cultural Adaptation

The adjustment process individuals undergo to integrate with or accommodate themselves to different cultural practices and settings.