Name and Describe Two Group- or Team-Based Incentives

question 73

Short Answer

Name and describe two group- or team-based incentives.
Team bonuses are one-time rewards that follow specific accomplishments of teams of employees.
Gainsharing is a company-wide program where employees are rewarded for performance gains compared to past performance.An example of this is labor cost savings.
Profit sharing involves sharing a percentage of company profits with all employees.
Stock options give an employee the right,but not the obligation,to purchase company stocks at a predetermined price.

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Definitions:

Fair Value

The estimated market price of an asset or liability, based on current conditions and the willing buyer-seller principle.

Capital

The owner’s investment of equity in the company.

Debit

The left-hand side of any account. A number entered on the left side of any account is said to be debited to an account.

Credit

The right-hand side of any account. A number entered on the right side of any account is said to be credited to an account.