Characteristics of Profit-Sharing Plans Include All of the Following with the Exception

question 6

Multiple Choice

Characteristics of profit-sharing plans include all of the following with the exception of:

• A)A predetermined formula is used to allocate employer contributions to individual employees and to establish benefit payments.
• B)Forfeitures of benefits under the plan may be reallocated to the remaining participants.
• C)The company must make contributions to the plan if it has profits during the year.
• D)Annual employer contributions are not required,but substantial,recurring contributions must be made to satisfy the requirement that the plan be permanent.

---

Definitions:

Precontemplation Stage

The precontemplation stage is a phase in behavior change models where an individual is not yet considering change or is unaware of the need for change.

Introspection

The examination or observation of one's own mental and emotional processes.

Ineptness

A lack of skill, ability, or competence in a particular area.

Countertransference Reactions

Emotional reactions of a therapist that are directed towards the patient, often influenced by the therapist's own unconscious feelings.