Gainsharing Plans Differ from Profit-Sharing Plans in That

question 45

Multiple Choice

Gainsharing plans differ from profit-sharing plans in that

• A)gainsharing plans use organization-wide performance parameters.
• B)gainsharing plans distribute payouts more frequently.
• C)gainsharing plans make lump sum payments.
• D)gainsharing plans can be attached to all types of jobs in the organization.
• E)gainsharing plans discourage pursuit of broader goals of the group.

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Definitions:

False Representation

The act of providing untrue, misleading, or deceptive information with the intent to defraud others.

Material Fact

A fact that is significant or essential to the issue or matter at hand, which could influence a decision.

Duress

Unlawful pressure or coercion used on a person to compel them to perform an act against their will or judgment.

Breach

An act of breaking or failing to observe a law, agreement, or code of conduct, similar to a violation but often used in the context of contracts.