QVO Financial,an auditing firm,distributes a portion of the profits resulting from improvements in productivity and efficiency among its employees.If the company enjoys an improvement of $45,000,60% of the improvement is the company's share.The other 40% is distributed among the employees in the company.Which of the following is being exemplified in this scenario?
A) profit rate
B) gainsharing
C) commission sharing
D) merit gain
E) group bonus

Question

Quizplus · Accepted Answer

Gainsharing is being exemplified in this scenario. QVO Financial is distributing a portion of the profits resulting from improvements in productivity and efficiency among its employees, thus creating a sense of shared responsibility for the company's success. This type of incentive aligns employee interests with those of the company and encourages teamwork and collaboration.

QVO Financial,an Auditing Firm,distributes a Portion of the Profits Resulting