In Gainsharing,a Portion of the Gains or Rewards Are Shared

question 10

True/False

In gainsharing,a portion of the gains or rewards are shared with all members of the gainsharing unit,not just individuals directly associated with the gain.

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Definitions:

New Technology

The latest advancements or innovations in technology that offer improved solutions or efficiency.

Service Sector

A segment of the economy that provides intangible goods or services to consumers, including retail, healthcare, and financial services.

Labour-intensive

Describing a process or industry that requires a large amount of manual work relative to capital or machinery.

Skilled Labour

Refers to workers who have specialized training or skills, typically acquired through education or on-the-job experience, necessary for performing specific tasks or jobs.