What Type of Profit-Sharing Plan Involves the Firm Placing a Predetermined

question 24

Multiple Choice

What type of profit-sharing plan involves the firm placing a predetermined portion of profits in each employee's account under a trustee's supervision?

• A)cash plan
• B)Lincoln incentive system
• C)Jefferson incentive system
• D)deferred profit-sharing plan
• E)employee stock ownership plan

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Definitions:

Recession

A significant decline in economic activity spread across the economy, lasting more than a few months, typically visible in real GDP, real income, employment, industrial production, and wholesale-retail sales.

Quantity

The amount or number of a material or immaterial good considered as a unit or in total.

Corn Seed

The seed of the corn plant, used for planting to produce corn crops; an essential agricultural product.

Yield Per Acre

The amount of a crop produced on one acre of land.