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For each of the following, identify in Column 1 the category to which the account belongs, in Column 2 the normal balance for the account, in Column 3 the financial statement that the account in which the account balance is reported, and in Column 4 the account's nature (temporary/permanent).
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Gain Sharing
A performance-based compensation strategy that rewards employees for contributing to their company's success through increased efficiency or profitability.
Historical Benchmark
A reference point derived from historical data against which current performance or achievements can be measured or compared.
Gain-Sharing Plan
A performance-driven compensation strategy where employees receive bonuses based on the company's savings or gains from improved productivity.
Labour Usage Ratios
Measures that compare the amount of labor used to the outputs achieved, helping businesses assess efficiency.
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