The Use of Gain-Sharing Plans and Other Such Long-Term Compensation

question 51

Multiple Choice

The use of gain-sharing plans and other such long-term compensation techniques is one way to:

• A) manage the hygiene factors that improve organizational commitment.
• B) use recruitment to select new people whose values match the company's values.
• C) align the interests of the employees with those of the company.
• D) enrich jobs and make employees feel more responsible.

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Definitions:

Inelastic Demand

A situation where the demand for a product does not significantly change with a change in price.

No-Name Brand

Products that are sold without a brand name, often packaged plainly and priced lower than branded counterparts, focusing on basic functionality.

Professional Chefs

Skilled individuals who are trained in the art of food preparation, cooking, and presentation in a professional setting.

Prevent Arbitrage

Measures taken to stop the practice of buying a product in one market at a low price and selling it in another at a higher price to profit from the price difference.