A plan that offers each person a bonus based on the company's results, regardless of the person's actual effort, is called

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Profit sharing involves distributing a portion of the company's profits among its employees based on predetermined criteria. It does not necessarily depend on individual effort, but is tied to the company's overall performance. A lump-sum bonus is a one-time payment based on meeting certain goals or objectives. Gainsharing involves sharing the savings generated from productivity improvements among the employees who contributed to those improvements. Financial incentives refer to any type of reward given to employees for achieving certain goals or objectives. Piece-rate production involves paying employees based on the number of units they produce.

A Plan That Offers Each Person a Bonus Based on the Company's