In order to increase an organization's efficiency by increasing productivity and/or lowering the firm's labor costs, an organization is likely to use
a. a Scanlon plan
b. a profit sharing plan
c. a gain-sharing plan
d. All of the statements are correct.
Ans: c. a gain-sharing plan
Business
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The major characteristic that is used to differentiate intermediaries from one another is whether they:
a. create specialization of labor. b. create economies of scale. c. raise profit margins for independent middlemen. d. take title to the products they sell.
Business
A moderate amount of constructive advice is often a useful part of coaching another worker
Indicate whether the statement is true or false.
Business