Use group incentive systems
In what manner group incentive systems employed?
Expert
Group incentive systems is a reimbursement system in that a group is paid for their combined performance, calculated through decrease in costs, raise in productivity and growth in achieving company’s goals or objectives. This system is planned for such circumstances where the goals of the plan are best well-matched to individuals working as a group rather than separately. Therefore, this system is helpful to evaluate the output of a group of workers when individuals are working as a group. Group incentive system can reward things that individual incentive system can’t, like team cooperation and work.
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he following information is taken from the financial statements of an entity: 20x4 20x3 Property, plant and equipment $4,600,000 $4,200,000 Accumulated depreciation (1,800,000) (1,350,000) Depreciation expense 560,000 Gain on disposal of PPE 65,000 The asset disposed of had a cost
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