31-40

Question 1

Profit-Sharing Plan

Answer 1

Certain percentage of the company’s profits before tax

Question 2

Cash Plan

Answer 2

Pays out at the end of the profit-sharing period, usually a year

Question 3

Deferred Plan

Answer 3

Pays out upon retirement

Question 4

Gainsharing

Answer 4

Shares gains due to any measure that boosts productivity (Lead to long-term profitability)

Question 5

Scanlon Plan

Answer 5

Ties productivity and revenue to wages BY distributing a percentage of revenues toward employment costs

Question 6

Organizational Structure

Answer 6

Framework for an organization’s communications

Question 7

Organizational Design

Answer 7

Process of building organizational structure

Question 8

Organizational Re-Design

Answer 8

Changing of an already existing organizational structure

Question 9

Synergy

Answer 9

The whole is greater than the sum of its parts

Question 10

Departmentalization

Answer 10

Combining of individual jobs into departments (Functional Areas, Product Type, Customer Group)