Q
The Scanlon Plan is an example of:
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A
Group (gainsharing) incentive plan based on cost savings
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B
Individual piece-rate plan
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C
Seniority-based pay plan
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D
Executive stock option plan
Correct Answer:
A. Group (gainsharing) incentive plan based on cost savings
Explanation:
Joseph Scanlon (1930s) – employees share labour cost savings; uses suggestion committees.