Which of the Following Team Rewards Motivate Team Members to Reduce

question 130

Multiple Choice

Which of the following team rewards motivate team members to reduce costs and increase labour efficiency in their work process?

• A)Team-based synergy
• B)Employee share ownership plans
• C)Profit-sharing
• D)Gainsharing plans
• E)Profit-sharing and employee share ownership plans only

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Definitions:

Budgeting Process

A systematic approach where businesses estimate their future income, expenditures, and capital needs to achieve their financial goals.

Selling Price

The amount of money for which a product is sold to the customer, not necessarily reflecting its cost or intrinsic value.

Department Spend

Relates to the total amount of money allocated and spent by a specific department within an organization.

Ensuring Budget

A financial plan that is designed to make sure all finances are covered and allocated appropriately for a certain period, often aimed at preventing overspending or deficits.