An Organization Uses Scanlon Plan to Provide Incentives to Employees

question 52

Multiple Choice

An organization uses Scanlon plan to provide incentives to employees.The workers produce parts worth $5 million.The target ratio set by the organization is 30%.The employees will be given a bonus if the actual labor costs are less than:

• A) $0.5 million.
• B) $1 million.
• C) $1.5 million.
• D) $2 million.
• E) $2.5 million.

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Definitions:

Cover Letter

A document sent with a resume to provide additional information on one's skills and experience, typically tailored to a specific job application.

Performance Objectives

Statements on a résumé that identify a person’s specific knowledge, skills, or behaviors.

Practicum

A practical section of a course of study, where students gain experience by working in a related field.

Conferences

Gatherings or meetings, often organized on a large scale, where individuals discuss specific topics, share research, and exchange knowledge.