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A profit sharing plan which involves placing company contributions in an irrevocable trus

 A profit sharing plan which involves placing company contributions in an irrevocable trust to be credited to the account of individual employees is referred to as

A) deferred plan.

B) current plan.

C) profit plan.

D) defined plan.

 

92) Vesting on a graduated basis tends to

A) discourage participation.

B) reduce turnover.

C) increase turnover.

D) encourage employee interest in the plan.

 

93) Profit sharing plans that are designed to bind employees to the firm's performance by providing incentive payment based on improved company performance are referred to as

A) deferred plan.

B) current plan.

C) profit plan.

D) gainsharing.

94) Which gainsharing plan provides a financial reward to employees for savings in labor costs that result from their suggestions?

A) deferred plan

B) Scanlon plan

C) profit plan

D) current plan

 

95) Upon what is the Scanlon Plan based?

A) cost savings

B) profitability

C) productivity

D) total compensation

 

96) What gainsharing plan embodies management-labor cooperation, collaborative problem-solving, teamwork, trust, gainsharing, open-book management and servant leadership?

A) deferred plan

B) Scanlon plan

C) profit plan

D) current plan

 

97) Individuals performing in professional jobs are compensated initially for their

A) productivity.

B) performance related to specific goals.

C) knowledge.

D) experience.

 

98) In which method of sales compensation do salespersons receive a fixed salary regardless of their sales levels?

A) straight commission

B) part salary

C) straight salary

D) straight bonus

 

99) When continued service after the sale is stressed, sales compensation will likely emphasize

A) straight commission.

B) straight salary.

C) bonus.

D) bonus and commission.

100) In which method of sales compensation is salespersons pay totally determined as a percentage of sales?

A) straight commission

B) part salary

C) straight salary

D) straight bonus

Dec 11 2019 View more View Less

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