Organisation-Wide Programs That Distribute Compensation Based on Some Established Formula

question 86

Multiple Choice

Organisation-wide programs that distribute compensation based on some established formula designed around a company's profitability are termed:

• A)gainsharing
• B)profit-sharing plans
• C)variable pay
• D)ESOPs

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Definitions:

Social Security System

A government program that provides financial protection against economic risks (e.g., retirement, disability, unemployment) to its citizens.

Progressive Income Tax

A tax system in which the tax rate increases as the taxable amount increases, resulting in higher earners paying a larger percentage of their income in taxes than lower earners.

EBT Cards

Electronic Benefit Transfer cards used by state welfare departments to issue benefits, such as food stamps and cash assistance, electronically.

Income Redistribution

The transfer of income and wealth from certain individuals or groups to others through mechanisms such as taxes and social security.