Reduces cost to company this is shared back with ees ee, Operation Management

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Reduces cost to company this is shared back with ees ee

Reduces cost to company & this is shared back with ees. Ee participation is key.

A. gainsharing

B. piece rate

C. employee stock ownership

D. profit sharing

Piecework plan in which rate increases/item over a certain # produced.

A. straight

B. qualitative

C. substantive

D. differential

Lump sum payment, typically given to an individual at the end of a time period.

A. commission

B. gainsharing

C. recognition

D. bonus

Ee is allowed to buy shares of stock at specified point in future, but at lower price.

A. piecework

B. gainsharing

C. Stock option

D. employee stock ownership plan

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Operation Management: Reduces cost to company this is shared back with ees ee

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