Profit Sharing Distributes Some Portion of Organizational Profits to Employees

question 87

True/False

Profit sharing distributes some portion of organizational profits to employees.

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Definitions:

Labor Force

The total number of people who are employed or actively looking for employment.

Manufacturing Economy

An economy that is primarily based on the production and export of manufactured goods.

Union Organizing

The process by which workers and labor unions work together to form or join a union in order to negotiate collectively with their employers regarding wages, hours, benefits, and working conditions.

Work Time

The duration or period during which an employee is considered to be on duty or performing activities related to their job.