With Which Type of Gainsharing Plan Bases Employee Bonuses on the Difference

question 77

Multiple Choice

With which type of gainsharing plan bases employee bonuses on the difference between the number of labor hours a firm should have used with the number of labor hours actually used during a specific period?

• A) Lincoln
• B) Rucker
• C) Improshare
• D) Scanlon
• E) Vroom

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Definitions:

Consolidated Balance Sheet

A financial statement combining all assets, liabilities, and equity of a parent company and its subsidiaries, presenting the financial position of the entire group.

Fair Values

A measure of the estimated market value of an asset or liability, based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction.

Consolidated Financial Statements

Financial statements that aggregate the financial information of a parent company and its subsidiaries into one comprehensive document.

Wholly Owned Subsidiaries

Companies whose entire share capital is 100% owned by another company, which gives the parent company full control over the subsidiary.