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. Gainsharing plans involve sharing a percentage of the cost savings or productivity improvements achieved within a work unit with employees. This incentivizes employees to work together to find cost-saving measures or improve productivity, leading to increased efficiency and financial benefits for the organization. Profit sharing plans and share options may indirectly impact cost savings and productivity improvement, but they do not explicitly focus on these factors. The balanced scorecard is a strategic management tool that considers multiple factors, including financial and non-financial metrics, but it does not directly address cost savings and productivity improvement within a specific work unit.

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