The Scanlon Plan Is an Example of A(n)________ Plan

question 2

Multiple Choice

The Scanlon plan is an example of a(n) ________ plan.

• A)profit-sharing
• B)skill-based
• C)merit pay
• D)individual incentive
• E)gainsharing

---

Definitions:

Finished Goods

Items that have completed the manufacturing process but have not yet been sold or distributed to end-users.

Materials Ledger

A record keeping system that tracks the quantities and costs of raw materials used and on hand in the manufacturing process.

General Ledger

A complete record of all financial transactions over the life of a company, serving as the primary source of information for the financial statements.

Receiving Report

A document usually prepared by the receiving department detailing the goods received by a business, which is then used to verify invoices before payment.