Question: Several employees developed a plan to improve the efficiency of the production floor, potentially saving the organization significant amounts of money. As a result, the

Several employees developed a plan to improve the efficiency of the production floor, potentially saving the organization significant amounts of money. As a result, the employees will be given a bonus of 25 percent of the economic gain that results from this plan. This type of incentive pay is known as _____.

a. pay-for-knowledge

b. fixed-rate pay

c. profit sharing

d. gainsharing

e. a lump-sum bonus

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