Which of the Following Incentive Programs Measures Improvements in Productivity

question 56

Multiple Choice

Which of the following incentive programs measures improvements in productivity and effectiveness and distributes a portion of the earnings to all employees?

• A) merit pay
• B) team award
• C) commission
• D) standard hour plans
• E) gainsharing

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Definitions:

Income Tax

A tax imposed by the government on individuals or entities' income, varying according to income level and filing status.

After-Tax Profits

The net income a company retains after all taxes have been deducted from total revenue.

Board of Directors

A group of individuals elected by shareholders to oversee and make strategic decisions for a company.

Shareholders

Owners of shares in a corporation, holding a portion of the business's stock, and therefore having rights to dividends and a say in company matters.