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.

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Definitions:

Influencing Others

The ability to affect the thoughts, behaviors, or feelings of other people through various tactics or strategies.

Ethical Dilemmas

Situations in which a person must choose between two or more conflicting moral principles, making it challenging to decide the right course of action.

Organizational Behavior

A field of study that investigates the impacts that individuals, groups, and structure have on behavior within organizations, aiming to improve such organizations' effectiveness.

Ethical Behavior

Ethical behavior involves actions and practices that are considered morally right and fair, adhering to accepted social standards.