Gainsharing Plans Are Considered Successful If They "Self-Liquidate,' Meaning That

question 85

True/False

Gainsharing plans are considered successful if they "self-liquidate,' meaning that all the gains from increased employee productivity are distributed to the employees.

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Definitions:

Group Judgment

The collective decision-making process or conclusion reached by a group rather than by an individual, often influenced by group dynamics.

Informational Social Influence

The process by which an individual changes their behavior to align with the group due to the belief that the group is correct.

Foot-In-The-Door Effect

A psychological principle stating that people are more likely to agree to a large request after first agreeing to a small one.

Individualism

A philosophy that places the freedom of personal actions above the regulation by collective entities or state power.