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The Scanlon Plan Is a Type of Gainsharing Plan

question 34

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The Scanlon plan is a type of gainsharing plan.


Definitions:

Business Incubator

An organization designed to help new and startup companies to develop by providing services such as management training or office space.

Venture Capital Company

A firm that invests in startups and small businesses with high growth potential in exchange for equity stakes.

Joint Venture

Partnership between companies formed for a specific undertaking.

Microloan Company

A microloan company specializes in providing small, short-term loans to individuals, often entrepreneurs or small businesses, who lack access to traditional banking services.

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