A(n) ________ plan is an incentive plan that engages many or all employees in a common effort to achieve a company's productivity objectives with any resulting cost-savings gains shared among employees and the company.
A) Scanlon
B) Lincoln incentive
C) Gainsharing
D) ESOP

Question

Quizplus · Accepted Answer

This type of plan is called a gainsharing plan, where employees are encouraged to work together to increase productivity and reduce costs, and any resulting savings are shared among the employees and the company. The Scanlon plan is a specific type of gainsharing plan, while the Lincoln incentive plan focuses on individual performance rather than group efforts. ESOPs (employee stock ownership plans) involve employees owning a portion of the company through stock options or shares, but do not necessarily involve productivity-based incentives.

A(n) ________ Plan Is an Incentive Plan That Engages Many