Final answer:
The Scanlon Plan is an employee incentive plan that promotes a cooperative relationship among workers, unions, and management through profit-sharing and collaboration. The answer to the question is true.
Step-by-step explanation:
The Scanlon Plan is a type of employee incentive plan that aims to develop a cooperative relationship among workers, unions, and management. The plan involves profit-sharing, where employees receive a share of the company's profits based on their performance and contributions. By aligning the interests of workers, unions, and management, the Scanlon Plan promotes cooperation, teamwork, and a sense of ownership among employees.
This plan was developed by Joseph Scanlon in the 1930s and gained popularity in the 1940s. It has been used by various organizations to improve labor relations, increase productivity, and enhance employee engagement. The Scanlon Plan is an example of a collaborative approach to labor-management relations, where all parties work together towards common goals. The answer to the question is true.