The Most Common Incentive System Which Compares a Worker's Performance

question 101

Multiple Choice

The most common incentive system which compares a worker's performance against an objective standard,with pay determined by his or her own performance,is known as a(n) :

• A) profit-sharing plan.
• B) integrated plan.
• C) gain-sharing plan.
• D) individual plan.
• E) particularized plan.

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Definitions:

Legally Obligated

Binding under law or contract, requiring a party to act or refrain from acting in a specified manner.

Coinsurance Costs

Expenses that are not fully covered by insurance and must be shared between the insurer and the insured, typically as a percentage.

Increase Of Hazard

A scenario in insurance where the risk of loss becomes greater than what was contemplated at the time the policy was issued.

Highly-Explosive Chemicals

Substances that possess a high potential for explosion under certain conditions, posing significant risks.