Gainsharing Is an Incentive Plan That ________

question 111

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) involves the firm simply distributing a percentage of profits as profit shares to employees at regular intervals

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Definitions:

Jean Piaget

A Swiss psychologist known for his pioneering work in child development and his theory of cognitive development in children.

Identity

The sense of self, characterized by one's beliefs, personality traits, appearance, and how these are perceived by oneself and others.

Self-concept

An individual's perception of their own abilities, weaknesses, beliefs, and personality.

Identity

The sense of self, characterized by one's beliefs, personality traits, and values, that distinguishes an individual from others.