Identify and State the Historical Significance of the Following

question 70

Short Answer

Identify and state the historical significance of the following:
-Federal Reserve Act

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Definitions:

Scanlon Plan

A gainsharing program wherein employees receive bonuses for cost-saving measures or productivity improvements.

Improved Profits

An increase in the amount of money that a business earns after all its costs are paid, indicating better financial performance.

Productivity

Productivity refers to the effectiveness and efficiency with which an individual or organization produces output, typically measured in terms of the amount of output per unit of input.

Sales Compensation Plan

A system designed to reward sales employees with commissions, bonuses, or other incentives based on their performance or sales achievements.