What happens if a Scanlon-type gainsharing plan results in costs savings improvements over historical benchmarks?
a. No revenue sharing occurs; the point of the plan is to empower employees.
b. All savings go to employees involved in the plan.
c. A portion of the savings go to employees of the organization.
d. The organization receives the benefits and chooses whether to reward employees
through pay raises.
c. A portion of the savings go to employees of the organization.
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Which of the following is reported as a noncash investing and financing transaction on the statement of cash flows?
a. Conversion of bonds payable to stock b. Purchase of treasury stock c. Payment of long-term debt d. Sale of preferred stock
A vision statement clarifies the long-term direction of a company and its strategic intent.
Answer the following statement true (T) or false (F)
A manager must coordinate and oversee the work of other people so that organizational goals can be accomplished.
Answer the following statement true (T) or false (F)
A contract that allows the buyer to modify the order (within limits agreed to by the supplier) as demand visibility increases closer to the point of sale is a
A) buyback or returns contract. B) revenue-sharing contract. C) quantity flexibility contract. D) quantity discount contract.