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Mechanical Engineering · Q137

Industrial Engineering And Production Management

Engineering and GATE · Mechanical Engineering · question 137

Q137

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
Answer
C.
A job evaluation system
D.
His individual performance

Answer: Option B

Solution

Answer: Option B
Solution:
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