Under ________, Profits Earned Above a Certain Level Are Distributed

question 82

Multiple Choice

Under ________, profits earned above a certain level are distributed to employees, while under ________, bonuses are distributed to employees when a company's costs are reduced through greater work efficiency.

• A) protection plans; pay-for-knowledge plans
• B) profit-sharing; gainsharing
• C) gainsharing; profit-sharing
• D) a piece-rate incentive plan; a salary plan
• E) none of these

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Definitions:

Language Development

The process by which individuals acquire the ability to perceive, comprehend, and produce language during their lifetime.

Assimilation

The cognitive process by which new information is interpreted or absorbed into an existing schema.

Preoperational Stage

Piaget’s second stage of cognitive development, in which the preschool child learns to use language as a means of exploring the world.

Cognitive Life

Refers to the mental processes and activities related to thinking, perceiving, and understanding that characterize living organisms.