Which of the Following Is an Example of an Ownership

question 29

Multiple Choice

Which of the following is an example of an ownership plan used in compensation systems?

• A)Gainsharing plans
• B)Profit sharing programs
• C)Group incentives
• D)Stock options
• E)Individual incentive plans

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Definitions:

Inelastic Demand

A situation where the demand for a product does not significantly change in response to changes in its price.

Business Travel

The act of traveling for the purpose of conducting business-related activities.

Price Elasticity

Indicates the responsiveness of the quantity demanded or supplied of a good to a change in its price.

Supply Curves

Graphical representations showing the relationship between the price of a good and the quantity supplied by producers at that price.