10 Gain sharing is an incentive plan that:

A. uses a trust to hold stock in individual employee accounts and distributes it to employees upon retirement

B. 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

C. contributes company’s shares of its own stock or cash to be used to purchase company stock to a trust established to purchase shares of the firm’s stock for employees

D. provides tax advantages for employees by deferring income taxes, often until employee retires.

11 With which type of gain sharing plan bases employee bonuses on the difference between the number of labour hours a firm should have used with the number of labour hours actually used during a specific period?

A. Lincoln

B. Rucker

C. Improshare

D. Scanlon

12 In Vroom’s Theory of Motivation, motivation is equal to E * I*V, where I represents:

A. intrinsic needs

B. internalization

C. instrumentality

D. imperative action

Answer rating: 100% (QA)

Answer 10 Option B engages many or all employees in a common effort to achieve a companys productivity objectives with any resulting costsavings gains ... View the full answer