Which of the following explicitly considers the work unit's cost savings and productivity improvement?
A)Profit sharing plans.
B)Share options
C)Gainsharing plans
D)Balanced scorecard
E)All of the answers are correct.

Question

Quizplus · Accepted Answer

Gainsharing plans explicitly consider the work unit's cost savings and productivity improvement by providing employees with a share of the cost savings achieved through their collective efforts. This incentivizes employees to work towards lowering costs and improving productivity, which benefits the organization as a whole. Profit sharing plans and share options may indirectly lead to cost savings and productivity improvements, but they do not explicitly consider it as a primary objective. The Balanced scorecard is a management tool that incorporates multiple performance metrics to evaluate overall organizational effectiveness but does not directly address cost savings and productivity improvement at the work unit level.

Which of the Following Explicitly Considers the Work Unit's Cost