Explain Profit Sharing

question 20

Essay

Explain profit sharing.

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Definitions:

Tax Agencies

Governmental organizations responsible for administering and collecting taxes.

Utility Companies

Businesses that provide essential services such as water, electricity, and gas to homes and companies.

Purchase Services

The act of buying services rather than physical goods from a provider or vendor.

Receive Bill

The act of getting an invoice or bill from a vendor that outlines the amount owed for goods or services received.