Which of the Following Types of Incentive Plans Are Used

question 27

Multiple Choice

Which of the following types of incentive plans are used to reward individual performance?

• A) gainsharing
• B) merit pay
• C) Scanlon plan
• D) profit sharing
• E) stock ownership

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Definitions:

Series Field

A winding of large wire and few turns designed to be connected in series with the armature of a DC machine.

Frogleg-wound

A type of armature winding in electric motors and generators that resembles the legs of a frog spread out, used to achieve certain magnetic and electrical properties.

Lap-wound

A winding technique in electrical machinery where the coil windings overlap similar to shingles on a roof, enhancing magnetic field uniformity and efficiency.

Wave-wound

A type of armature winding in a generator or motor where the windings are connected in series to form a continuous loop, enhancing efficiency.