Gainsharing Plans Tend To

question 124

Multiple Choice

Gainsharing plans tend to:

• A)increase efficiency without paying employees any financial reward.
• B)distribute a portion of company profits to employees in the form of company stock.
• C)create a reasonably strong effort-to-performance expectancy.
• D)reward individuals for their own personal performance rather than team or organizational performance.
• E)increase efficiency without paying employees any financial reward creating a reasonably strong effort-to-performance expectancy.

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Definitions:

Reacquired Shares

Shares purchased back by the issuing company, reducing the number of shares available on the open market.

Balance Sheet

A balance sheet is a financial statement that summarizes a company's assets, liabilities, and shareholders' equity at a specific point in time.

Par Common Stock

The face value assigned to common stock shares, representing the minimum amount that can be credited to share capital; it is not necessarily indicative of the market value.

Journalize

The act of recording business transactions in the journal, noting the accounts affected and their debits and credits.