A plan in which a production standard is set for a specific work group and its members are paid extra if the group exceeds the production standard, is known as a(n)
A) team or group incentive plan.
B) team or group standard hour plan.
C) team or group gainsharing plan.
D) team or group compensation plan.
E) team or group bonus plan.

Question

Quizplus · Accepted Answer

This type of plan is known as a team or group incentive plan, where the group is rewarded for exceeding a set production standard.

A Plan in Which a Production Standard Is Set for a Specific