An Example Ofgainsharingis_____

question 7

Multiple Choice

An example ofgainsharingis_____.

• A) using employee committees to calculate and pass on savings to the employees
• B) setting group piece-rate standards and paying weekly bonuses when those standardsare exceeded
• C) identifying favorable employee behavior and rewarding employees who adhere to the set standards
• D) using employee unions to encourage and promote a positive environment in an organization

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Definitions:

Gain or Loss

The financial outcome resulting from the sale of assets or securities, determined by the difference between the sale price and the original purchase price.

Intangible Assets

Rights, privileges, and competitive advantages that result from the ownership of long-lived assets that do not possess physical substance.

Long-Lived Assets

Assets that are expected to provide economic benefits to a company for a period longer than one year.

Physical Substance

An attribute indicating that an asset has tangible form and can be perceived by the senses.