Which of the Following Statements About Developing Reward System Is

question 20

Multiple Choice

Which of the following statements about developing reward system is incorrect?

• A) The key benefit of a profit sharing plan is to encourage employees to think like owners
• B) The key benefit of gain sharing plan is to introduce equity,ensuring the employees who contribute to the business can get a share of the gains
• C) The key benefit of an employee share plan is to reduce free-riding problems.
• D) The key benefit of an individual-based incentive system is to highlight improve expectancy and instrumentality

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Definitions:

Lean Manufacturing

A structured approach aimed at reducing waste in a production system while maintaining output levels.

Manufacturing Cells

A grouping of processes where employees are cross-trained to perform more than one function.

Autonomous Production Lines

Manufacturing systems that operate with minimal human intervention, using robotic and AI technology to produce goods.

Conversion Cost

The sum of direct labor and manufacturing overhead costs, representing the expense to convert raw materials into finished products.