Under which plan efficiency is shared by employee and employer equally?

The correct answer is D. Rowan plan.

The Rowan plan is a type of incentive plan in which employees are paid a base rate plus a bonus based on their efficiency. The bonus is calculated as a percentage of the time saved, with the percentage decreasing as efficiency increases. This plan is designed to motivate employees to work more efficiently, as they will receive a greater bonus for saving more time.

The other options are incorrect for the following reasons:

• Time rate: This is a simple pay plan in which employees are paid a fixed rate for each hour worked. There is no incentive for employees to work more efficiently under this plan.
• Gantts task and bonus plan: This is a type of incentive plan in which employees are paid a base rate plus a bonus for completing tasks ahead of schedule. The bonus is typically a fixed amount, regardless of how much time is saved. This plan does not provide as much incentive for employees to work more efficiently as the Rowan plan does.
• Halsey plan: This is a type of incentive plan in which employees are paid a base rate plus a bonus for increasing their efficiency. The bonus is calculated as a percentage of the time saved, with the percentage remaining constant regardless of how much time
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