All of the Following Statements About Gain Sharing Are True

question 109

Multiple Choice

All of the following statements about gain sharing are true EXCEPT that:

• A) gain-sharing plans decrease personal responsibility.
• B) gain-sharing plans offer workers a share of any increase in total organizational productivity.
• C) gain sharing increases work motivation because of pay-for-performance incentives.
• D) with gain sharing, employees have a greater sense of personal responsibility for making performance contributions to the organization.
• E) gain sharing encourages workplace cooperation and teamwork.

---

Definitions:

Ratification

The adoption of a contract or act of another by a party who was not originally bound by the contract or act.

Breach

The violation or infringement of a law, agreement, or code of conduct.

Secret Commission

A payment made to an agent or a representative for facilitating a transaction or agreement, typically without the knowledge of some or all of the principal parties involved.

Commission Recovery

The process by which a salesperson, agent, or broker seeks to reclaim commission fees that were not paid as agreed upon in a transaction.