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The Statement, __________, Is Not True

question 56

Multiple Choice

The statement, __________, is not true.


Definitions:

Scanlon Plan

A type of gainsharing program that rewards employees for improvements in productivity and cost savings within a company.

Gainsharing Plan

An incentive strategy that rewards employees for contributing to the company's productivity improvements by sharing the resultant financial gains.

Profit-Sharing Plan

A company-wide program that provides employees with a share in the profits of the company, typically based on its quarterly or annual earnings.

Merit Pay

A pay system where employees are compensated based on their performance, as measured through appraisals or achievements, incentivizing higher productivity and excellence.

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