The Scanlon Plan Is an Early Version of a ________

question 14

Multiple Choice

The Scanlon plan is an early version of a ________ plan,an incentive plan that engages employees in a common effort to achieve productivity objectives.

• A) performance achievement
• B) golden parachute
• C) gainsharing
• D) restricted stock
• E) variable pay

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Definitions:

Services Balance

The difference in value between a country's exported and imported services.

Highly Specialized Economy

An economy focusing on the development and production of specific goods or services, utilizing advanced technology or unique skills for efficiency.

Self-Sufficiency

The ability to fulfill all of one's needs without external assistance.

Merchandise Trade Balance

The difference between a country's exports and imports of tangible goods.