Which Type of Incentive Plan Is an Organization-Wide Pay Plan

question 27

Multiple Choice

Which type of incentive plan is an organization-wide pay plan designed to reward employees for improvements in organizational productivity?

• A) A group incentive program
• B) Variable pay
• C) A profit-sharing plan
• D) Performance bonus plan
• E) A gainsharing plan

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Definitions:

Fixed Hours

A work schedule where the employee is required to work a specific set of hours.

Compressed Workweek

A work schedule arrangement that allows employees to work longer hours on fewer days, resulting in more days off.

Consecutive Days

Days that follow one another in uninterrupted succession.

Flexible Working Hours

Employment arrangements that allow employees to choose their work schedules within certain limits set by employers.