Mike,the CEO of an Automobile Company,believes That Profit Sharing Has

question 122

Multiple Choice

Mike,the CEO of an automobile company,believes that profit sharing has increased the productivity of his organization.He feels that an incentive plan motivates employees to be more productive.Which of the following statements strengthens Mike's argument?

• A) In a profit-sharing plan,employees are the owners of the organization.
• B) Profit sharing helps employees to cooperate and to focus on organizational interests.
• C) Profit sharing makes employees workaholics.
• D) In profit sharing,employees contribute their base salary for the development of the organization.
• E) Profit sharing benefits employees even if the organization makes less profit or no profit.

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Definitions:

Project Charter

A document that formally authorizes a project, outlining its objectives, scope, and the roles of participants.

Alignment Process

The method of adjusting and coordinating a company's strategy, operations, and resources with its objectives, culture, and external environment.

Key Stakeholders

Individuals or groups with vested interests in the outcome of a project or process.

Goals

The targets or outcomes that an individual, team, or organization aims to achieve within a specified timeframe.