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

question 102

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.

Understand the various methods and tools of performance appraisal.

Recognize the impact of job design on employee motivation and development.

Identify biases and errors in performance appraisals and how they affect employee assessment.

Comprehend the benefits and challenges of different job design strategies like job rotation, job enlargement, and job enrichment.

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Definitions:

Characteristics

Features or qualities that define an individual, object, or concept.

Creative People

Individuals who are able to think about or organize new and original ideas, often leading to innovative solutions or creations.

Creative Process

A sequence of thought and activity phases that lead to the generation of new, innovative ideas or creative outcomes.

Graham Wallas

A social psychologist who proposed a four-stage model of the creative process: preparation, incubation, illumination, and verification.