A(n)_____ Program Is a Based on Group or Plant Performance

question 65

Multiple Choice

A(n) _____ program is a based on group or plant performance that does not become part of the employee's base salary.

• A)merit pay
• B)profit sharing
• C)stock option
• D)gainsharing
• E)individual incentive

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Definitions:

Processing

The act of handling or manipulating data, transactions, or physical items in a prescribed manner.

Financial Electronic Data Interchange

A system that allows the transfer of financial information between organizations in a standardized electronic format.

Direct Deposit

An electronic payment method where funds are transferred directly into the recipient's bank account, bypassing the need for physical checks.

Automatic Withdrawal

A banking process where funds are automatically taken from a bank account to fulfill a financial commitment.