A(n) ________ is the most common type of incentive plan. It compares a worker's performance against an objective standard with pay determined by his or her own performance.
A. stock plan
B. gainsharing plan
C. profit-sharing plan
D. merit pay system
E. individual plan
Answer: E
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________ are certificates that entitle the bearer to a stated saving on the purchase of a specific product
A) Samples B) Coupons C) Rebates D) Price packs E) Premiums
Accountants must have high professional ethics. List and briefly describe five ethical standards that management accountants subscribe to that, in your opinion, help maintain the impression that accountants are highly ethical
When the accountant transfers the balance in each temporary revenue and expense account to the Retained Earnings account, this procedure is known as the closing of accounts
Indicate whether the statement is true or false
The executive director of the Global Good Fund argues that relying on earned income makes an organization ______.
A. prone to risk B. more flexible C. open to opportunity B. unattractive to corporate partners