Gainsharing is a variable-pay program that is an incentive plan for
a. individuals, where improvements in an individual's productivity, from one period to another, determine the amount awarded.
b. all employees of the company, where employees gain when the company gains market share.
c. workplace groups or departments, where improvements in group productivity, from one period to another, determine the amount shared.
d. all employees of the company, where every employee gains when the company increases productivity.
e. individuals, where an individual who accomplishes specific goals, receives a percentage of company profit.
Ans: c. workplace groups or departments, where improvements in group productivity, from one period to another, determine the amount shared.
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In their book, Daniel Yergin and Joseph Stanislaw wrote "Governments are getting out of businesses by disposing of what amounts to trillions of dollars of assets. Everything is going–from steel plants and phone companies . .
to hotels, restaurants, and nightclubs." This is an indication of: A) the fact that governments can make more money by selling assets. B) privatization is becoming a driving force for global marketing. C) these businesses are considered as closed markets. D) foreign companies are competing with governments. E) there is less demand for these type of companies.