Explain Profit Sharing

question 20

Essay

Explain profit sharing.

---

Definitions:

Conventions

General agreement about terms and/or practices.

Interpretation

A way of understanding, a view of a set of facts, from a certain perspective.

Universal Causality

The philosophical concept that every event or action results from preceding events in accordance with the laws of nature.

Equal and Opposite Reaction

Newton's third law of motion, which states that for every action, there is an equal and opposite reaction.