Which of the Following Is a Key Element in Designing

question 44

Multiple Choice

Which of the following is a key element in designing a gain-sharing plan?

• A)using a historical standard to calculate whether employees will receive an incentive payout
• B)ensuring that administration involves complex calculations which tend to be more accurate
• C)ensuring that all profits or savings generated are paid only to the management
• D)factoring in environmental influences on performance which are not controllable by plan participants
• E)limiting employee involvement in the implementation of the plan in order to avoid complications

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Definitions:

Management Function

A set of core tasks or responsibilities such as planning, organizing, leading, and controlling aimed at effectively running an organization.

Planning

Planning is the process of setting goals, defining strategies, and outlining tasks and schedules to achieve desired outcomes, serving as a roadmap for future actions.

Organising

The process of assigning tasks, allocating resources, and arranging activities to implement plans.

Sales Forecasting

A business activity that estimates the future sales of a company's products or services based on historical data, market trends, and analysis.