A plan in which a production standard is set for a specific work group and its members are paid extra if the group exceeds the production standard,is known as a team or group
A) incentive plan.
B) standard hour plan.
C) gainsharing plan.
D) indirect pay plan.
E) merit plan.

Question

Quizplus · Accepted Answer

A team or group incentive plan is designed to reward a group of workers for collectively exceeding a production standard, providing them with extra pay based on their performance as a team.

A Plan in Which a Production Standard Is Set for a Specific