The Purpose of a Profit-Sharing Plan Is to

question 83

Multiple Choice

The purpose of a profit-sharing plan is to

• A)allow workers to contribute specific knowledge to improving the organization.
• B)give employees the opportunity to increase their earnings.
• C)enable workers to share in labor cost savings.
• D)instill commitment to the employee's immediate work group.

---

Definitions:

Sequential Game

A type of game theory where players make decisions one after another, with each decision influencing future actions.

Payoff-Matrix

A table that shows the potential outcomes or payoffs of different strategies for two or more players in a game.

Game-Tree

A graphical representation of the possible moves in a game, showing the sequential nature of players' actions and choices.

Allocative Efficiency

A state of the economy where resources are distributed in a way that maximizes the net benefit to society, meaning that goods and services are produced and consumed at quantities where the marginal benefit equals marginal cost.