In Lincoln plan (one type of group incentive plan), the amount of the profit which an employee receives in addition to the guaranteed basic pay/wages, is based on:

A A standard rating system
B A merit rating system
C A job evaluation system
D His individual performance

Correct Answer: A merit rating system

In Lincoln plan (one type of group incentive plan), the amount of the profit which an employee receives in addition to the guaranteed basic pay/wages, is based on A merit rating system
Bissoy MCQ
#Mechanical Engineering #Industrial Engineering And Production Management

Related Questions

A company paid tk.500000 in merit raises to employees whose performances were rated A, B, or C. Each employee rated A received twice the amount of the rated C.each employee rated B received 150% of the amount of the raise thst was paid to each employee rated C. if 50 workers were rated A,100rated B and 150 were rated C, how much was the raise paid to each employee rated B?
A Tk. 740
B Tk. 1250
C Tk. 1875
D Tk. 2500
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The price of a pair of sneakers was Tk. 80 for the last six months of last year. On january first, the price increase, an employee bought these sneakers with a 10% employee discount . What price did the employee pay?
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You are the network administrator for your company. Mike Nash is a member of the Administration group, and Nate Sun is a member of the Intern group. Both groups are in the same domain. On the intranet server, the Administration group is placed in the Security group, and the Intern group is placed in the Nonsecurity group. The Security group is then granted Full Control permission for the Sales virtual directory. Nate needs to update new sales information that is located on the Sales virtual directory. What should you do so that Nate can perform this task?
A Enable Anonymous access for the intranet server
B Enable Anonymous access for the Sales virtual directory
C Remove Nate fmm the Intern group
D Make Nate a member of the Security group
E None of above
One of the basic essentials of an incentive plan is that
A A differential piece rate system should exist
B Minimum wages should be guaranteed
C Provide incentive to group efficiency performance
D All standards should be based on time studies
The time required to complete a job is established and a bonus is paid to the worker based on the exact % of time saved. This type of incentive plan is known as
A Dry work Plan
B Halsey Premium Plan
C Taylor Plan
D Rowan Plan
Which one of the following represents a group incentive plan?
A Scanlon Plan
B Rowan Plan
C Taylor Differential Piece Rate System
D Halsey Premium Plan

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