Gainsharing Is

question 37

Multiple Choice

Gainsharing is

• A) a program allowing employees to participate financially in the productivity gains they achieved.
• B) the same as stock options.
• C) a type of empowerment.
• D) a management style.

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Definitions:

Consumption

Consumption refers to the use of goods and services by households. It is an important component of GDP and economic analysis.

Interest Rate

The percentage of a sum of money charged for its use, typically expressed as an annual rate.

Income

Profits received, at routine intervals, from efforts in employment or investment projects.

Budget Line

This line delineates the combos of two goods a consumer can procure, given their income and the goods' prices, demonstrating the trade-offs and opportunity costs within their budget.