Which of the Following Types of Incentive Plans Are Used

question 125

Multiple Choice

Which of the following types of incentive plans are used to reward individual performance?

• A) Gainsharing
• B) Merit pay
• C) Scanlon plan
• D) Profit sharing
• E) Stock ownership

---

Definitions:

UCC

The Uniform Commercial Code encompasses a wide-ranging body of legal principles that control commercial transactions across the United States.

Installment Contract

An agreement where payment is made in parts over a period, typically for real estate or high-value items, until the total price is paid in full.

Substantial Impairment

A legal concept referring to a significant decrease in the value or function of something, often related to contractual performance or property condition.

Commercial Impracticability

A doctrine under contract law that excuses a party from performance of the contract when unforeseen events make the fulfillment extremely difficult or expensive.