Gainsharing Is an Incentive Plan That ________

question 13

Multiple Choice

Gainsharing is an incentive plan that ________.

• A) uses a trust to hold stock in individual employee accounts and distributes it to employees upon retirement
• B) engages employees in a common effort to achieve a company's productivity objectives with any resulting cost-savings gains shared among employees and the company
• C) contributes company shares of its own stock or cash to be used to purchase company stock to a trust established to purchase shares of the firm's stock for employees
• D) provides tax advantages for employees by deferring income taxes, often until the employee retires
• E) involves the firm regularly distributing a percentage of profits as profit shares to employees

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Definitions:

Personal Choice

The freedom of individuals to make decisions for themselves, based on personal preferences, beliefs, or values, without external coercion or limitation.

Asian Producers

Refers to manufacturers or creators of goods in Asian countries, often noted for their significant role in global supply chains.

American Culture

A diverse mix of customs, traditions, values, and norms influenced by the historical experiences and social dynamics of the United States.

Big Historical Project

A comprehensive initiative aimed at studying or undertaking activities that have widespread, long-lasting impact on history or historical understanding.