Which of the Following Is NOT an Important Component of a Meaningful

question 33

Multiple Choice

Which of the following is NOT an important component of a meaningful gainsharing plan?

• A) establishing fair and precise measurement standards
• B) ensuring that bonus payout formulas are easy to calculate
• C) ensuring that bonus payouts are large enough to encourage future employee effort
• D) registering the plan with appropriate federal authorities

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Definitions:

Trend Analysis

The practice of collecting information and attempting to spot a pattern, often used in financial markets, business strategy, and research.

SWOT Analysis

A strategic planning tool used to identify an organization's Strengths, Weaknesses, Opportunities, and Threats.

Opportunities

Circumstances or situations that present potential for growth, improvement, or benefit, often requiring timely action to capitalize on them.

Grand Strategy

A comprehensive, long-term plan of essential actions by which an organization seeks to achieve its major objectives.