The Scanlon Plan Is an Example of Which Type of Plan

question 25

Multiple Choice

The Scanlon plan is an example of which type of plan?

• A) executive pay
• B) goal-sharing
• C) gain-sharing
• D) profit-sharing

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Definitions:

Traditional

Relating to customs, beliefs, or methods that have existed for a long time without significant change, often passed down from generation to generation.

Means-ends Rationality

A decision-making process focused on efficiently achieving a specific goal.

Desired Outcome

The specific result or achievement one aims to accomplish through a particular course of action or strategy.

Value Rationality

A type of decision-making process where actions are chosen based on a consistent system of values, rather than solely on instrumental, goal-oriented reasoning.