The Extent to Which a Performance Measure Is Deemed to Be

question 99

True/False

The extent to which a performance measure is deemed to be satisfactory or adequate by those who use it is known as its acceptability.

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Definitions:

Scanlon Plan

A gain-sharing program that incentivizes employees to improve productivity through rewards that are based on saved labor costs.

Gain-sharing

An incentive scheme that rewards employees for their contributions to a company's productivity improvement by sharing the financial gains.

Goal-sharing Plans

Incentive schemes where organizational objectives are shared with employees, and rewards are offered based on achieving these goals.

Fundamental Ways

Basic or essential methods or approaches that form the foundation of procedures, behaviors, or operations.