Gain Sharing Rewards Employees with Part Ownership of the Organization

question 13

True/False

Gain sharing rewards employees with part ownership of the organization based on achieving performance goals.

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Definitions:

Bilateral Contract

A contract involving two parties where each promises to perform an act in exchange for the other's act.

Unilateral Contract

A contract in which one party makes a promise that the other party can accept only through an action, not a promise.

Accept

To receive something willingly or to agree to a proposition or offer.

Promisee

The person to whom a promise is made or directed in a contract, opposite to the promisor.