A Plan in Which a Production Standard Is Set for a Specific

question 8

Multiple Choice

A plan in which a production standard is set for a specific work group and its members are paid extra if the group exceeds the production standard, is known as a(n)

• A) team or group incentive plan.
• B) team or group standard hour plan.
• C) team or group gainsharing plan.
• D) team or group compensation plan.
• E) team or group bonus plan.

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Definitions:

Equity

A branch of law that developed alongside common law in order to remedy situations where strict application of traditional legal principles would be unfair or unjust.

Court of Equity

A judicial body that resolves disputes based on fairness and equitable principles, rather than strictly adhering to the letter of the law.

Adequate Remedy

Refers to a form of legal relief or compensation that sufficiently addresses a harm or wrong done to a party.

International Court

A judicial body established by states to adjudicate legal disputes among nations, such as the International Court of Justice.