Employees in a Gainsharing Plan Can Receive Incentive Awards Even

question 97

True/False

Employees in a gainsharing plan can receive incentive awards even when the organization isn't profitable.

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Definitions:

Psychological Dimension

An aspect concerning the mental and emotional factors influencing human behavior.

Strategic Cost Management

The process of reducing operational costs in a way that is aligned with the overall strategic goals of the organization, enhancing its value and competitiveness.

Bottleneck Items

Items or processes that limit or delay the flow of production or service delivery due to their limited capacity.

High Risk

Situations or ventures involving a significant possibility of loss, failure, or negative outcomes, often accompanied by the potential for high rewards.