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You are in an arena watching a hockey game. Despite the fast pace of the game and constant movement of the players, you find it relatively easy to keep track of who is on which team. What is one factor that can help explain how you are able to group the players into their respective teams?
Historical Benchmark
A reference point or standard for comparison derived from past data or trends, used in evaluating current performance or conditions.
Gain-sharing Plan
A type of incentive plan that gives employees a share of the company's profits, based on the improvement of operational efficiency and performance.
Employee Involvement
The degree to which employees are allowed to participate in decision-making processes within the organization, often leading to increased job satisfaction and productivity.
Profit-sharing
A program that gives employees a share in the company's profits based on its quarterly or annual earnings.
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