An Organization Focuses on Cost-Savings Techniques and Shares a Percentage

question 2

Multiple Choice

An organization focuses on cost-savings techniques and shares a percentage of the cost savings resulting from these techniques with its employees. This is the idea behind the ________ plan.

• A) profit sharing
• B) Scanlon
• C) suggestion
• D) current-distribution

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Definitions:

Payoff

The return or gain that an individual receives from an investment or action.

Strategy

A plan of action or policy designed to achieve a major or overall goal, especially in business or politics.

Second Job

Employment taken in addition to one's primary job to supplement income, often requiring balancing multiple work schedules.

Full Time

Refers to employment where individuals work a complete or standard number of hours considered typical for the job, usually around 35 to 40 hours per week.