When Profit-Sharing Takes a Broad View of What Needs to Be

question 54

Multiple Choice

When profit-sharing takes a broad view of what needs to be done to make the organization more effective,it may encourage

• A)individual competition.
• B)a knowledge of business.
• C)a sense of ownership.
• D)problem-solving orientation.
• E)learning and flexibility.

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Definitions:

Flexible Benefits

A benefits plan allowing employees to choose from a range of options, tailoring their benefits package to meet personal needs.

Profit-Sharing Plans

A company incentive program where employees receive a portion of the company's profits in addition to their regular salary.

Company's Earnings

Represent the net income a company generates, indicative of its financial performance over a specific period.

Skill-Based Pay Plans

Compensation strategies that pay employees based on the range, depth, or proficiency of their skills and knowledge, rather than their job position or title.