Which type of incentive plan rewards team members when agreed-upon performance standards are met or exceeded?
A)gain sharing plan
B)profit sharing plan
C)employee stock ownership plan
D)group-based incentive plan

Question

Quizplus · Accepted Answer

Group-based incentive plans reward team members when they collectively achieve agreed-upon performance standards. Gain sharing plans and profit sharing plans are also group-based incentive plans, but they may be based on overall company profits or cost savings, rather than specific performance standards. Employee stock ownership plans provide employees with ownership stakes in the company.

Which Type of Incentive Plan Rewards Team Members When Agreed-Upon