A(n) __________ plan is based on a mathematical formula that compares a performance baseline with actual productivity during a given period with the goal of reducing production time.
A) group incentive
B) gainsharing
C) Scanlon
D) improshare

Question

Quizplus · Accepted Answer

The given description matches the concept of improshare. Improshare is a gain-sharing plan that sets a baseline for productive work hours and compares it with actual productivity during a given period to determine the gains. The goal of the plan is to reduce production time by improving the efficiency of the work process. Option A is incorrect because a group incentive plan rewards a group of employees for achieving a specific goal, but it does not use a specific formula to determine the gains. Option B is incorrect because gainsharing is a broader concept that includes various plans that involve the sharing of gains with employees. Option C is incorrect because the Scanlon plan is a specific type of gain-sharing plan that emphasizes employee participation in decision-making and problem-solving.

A(n) __________ Plan Is Based on a Mathematical Formula That