Gainsharing Plans Tend to Be More Cost Effective Than Merit

question 46

Multiple Choice

Gainsharing plans tend to be more cost effective than merit pay plans because gainsharing payments represent:

• A) fixed costs.
• B) variable costs.
• C) sunk costs.
• D) average costs.

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Definitions:

Might-Equals-Right

A belief or principle that power and strength justify moral superiority or rightful authority.

Self-Serving

Behaviors or attitudes that prioritize an individual's own interests, benefits, or welfare over those of others.

Matched Power

A situation in negotiations or relationships where the power levels of the involved parties are equal, allowing for more balanced and fair outcomes.

Deliberations

The process of carefully considering and discussing various options before making a decision.