The Scanlon Plan Is an Incentive Plan That

question 76

Multiple Choice

The Scanlon plan is an incentive plan that .

• A)involves the firm distributing total annual profits each year among employees based on their merit rating
• B)focuses on the sharing of benefits between employer and employees
• 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)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
• E)provides tax advantages for employees by deferring income taxes, often until the employee retires

Understand the legal frameworks governing employee rights and employer responsibilities.

Recognize the significance of legislative measures such as the Family and Medical Leave Act (FMLA), Fair Labor Standards Act of 1938, and workers' compensation laws.

Distinguish between different types of employment discrimination and harassment.

Understand concepts related to employment law such as employment at will and vicarious liability.

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Definitions:

Message Forcefulness

The degree of strength or assertiveness with which a message is conveyed, often influencing its persuasive power.

Press Release

An official statement issued to the media to announce something of interest, such as events, products, or corporate news.

Positive Message

A communication that conveys good news, positive feedback, or an affirmative outcome.

Self-Congratulatory

The act of praising oneself for one's achievements or qualities, often perceived as boasting.