Team Spark LLC, a Producer of Consumer Goods, Practiced Gainsharing

question 5

Multiple Choice

Team Spark LLC, a producer of consumer goods, practiced gainsharing. After organizational restructuring, the management has decided to replace gainsharing plans with a piece-rate system. Which of the following is true of Team Spark LLC?

• A) It provided group incentives; now it provides individual incentives.
• B) It provided individual incentives; now it provides group incentives.
• C) It provided group incentives; now it provides organizational incentives.
• D) It provided individual incentives; now it provides organizational incentives.

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Definitions:

Compounded Annually

Interest calculated on the initial principal and also on the accumulated interest of previous periods of a deposit or loan.

Compounded Annually

Describes the process where interest is calculated and added to the principal sum of an investment or loan once a year.

Maximize Benefits

The process of optimizing outcomes or advantages from a given set of resources or actions.

Compounded Annually

Interest that is calculated and added to the principal once every year.