Which of the Following Is an Organization-Level Incentive Plan That

question 34

Multiple Choice

Which of the following is an organization-level incentive plan that is intended to motivate employees to align their activities with the organization's goals?

• A) profit sharing
• B) gainsharing
• C) merit pay
• D) group bonus
• E) Scanlon plan

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Definitions:

Stay Agreement

A legal document that temporarily suspends proceedings or actions as agreed upon by the involved parties.

Materially Breached

signifies a significant failure to comply with the terms of a contract, invalidating the agreement.

Adequate Consideration

Consideration in a contract that is fairly equitable and of sufficient value, considering the facts of the case and the circumstances surrounding the agreement.

Forbearance

The temporary postponement of mortgage payments or enforcement of a policy, often to prevent foreclosure.