Examlex

Solved

The Scanlon Plan Is an Early Version of a ________

question 22

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.

Evaluate the impact of changes in consumer preferences on market dynamics and resource allocation.
Understand the implications of technological change on market efficiency and firm strategy.
Identify the effects of policy changes on market outcomes.
Distinguish between profit maximization strategies under shifting market conditions.

Definitions:

The Halo Effect

A cognitive bias where an observer's overall impression of a person, company, brand, or product influences their feelings and thoughts about that entity's character or properties.

Leniency Errors

A bias in assessment or judgment processes where the evaluator tends to consistently rate others more favorably than warranted.

Interviewer Illusion

A cognitive bias occurring when interviewers overestimate their ability to evaluate interviewees accurately.

360-Degree Feedback

A performance appraisal system where an employee receives confidential feedback from supervisors, peers, and subordinates, often including self-assessment.

Related Questions