Which Gain-Sharing Plan Requires That Management Has Access to Historical

question 7

Multiple Choice

Which gain-sharing plan requires that management has access to historical data so as to be able to calculate a so-called "normal labour cost"?

• A) Rucker plan
• B) family of measures plan
• C) Scanlon plan
• D) Improshare plan

---

Definitions:

Intangible Assets

Non-physical assets that have value, such as patents, trademarks, and copyrights, known for their long-term benefits to a company.

Gain on Sale

The profit recognized when an asset is sold for more than its carrying amount.

Other Revenue

Income that a business earns from activities not related to its primary operations, such as investment income or rental income.

Fixed Assets

Long-term tangible assets that are used in the operations of a business and are not expected to be consumed or converted into cash in the short term, such as property, plant, and equipment.