In One Kind of Gainsharing Program, the Employees Receive a Bonus

question 80

Multiple Choice

In one kind of gainsharing program, the employees receive a bonus if the ratio of labour costs to the sales value of production is below a set standard. Which of the following is the name of the program?

• A)Scanlon plan
• B)Improshare
• C)earnings-at-risk
• D)Rucker plan

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Definitions:

Adjusted Multiple Coefficient

A measure in statistics used to determine the goodness of fit of a model, adjusted for the number of predictors in the model.

SSE

Sum of Squared Errors, a measure used in statistical data analysis to represent the discrepancy between the data and an estimation model.

Coefficient

A numerical or constant quantity placed before and multiplying the variable in an algebraic expression (e.g., the 4 in 4x).

Television Advertisement

A form of marketing communication broadcasted to promote or sell a product, service, or idea through television.