Which of the Following Are Main Types of Profit Sharing

question 41

Multiple Choice

Which of the following are main types of profit sharing plans?

• A) Current assessment plan, delayered plan, and blended plan
• B) Deferred plan, cash plan, and group plan
• C) Combination plan, deferred plan, and current distribution plan
• D) Current distribution plan, combination plan, and delayered plan

---

Definitions:

Economies Of Scale

The situation when a firm’s average total cost of producing a product decreases in the long run as the firm increases the size of its plant (and, hence, its output).

Variable Inputs

Factors of production that change in quantity as the level of output changes, such as labor or raw materials, in contrast to fixed inputs like machinery or land.

Property Resources

Assets or materials owned by individuals or entities, including land, buildings, and intellectual property, used in the production of goods and services.

Labor

The human effort, either physical or mental, used in the production of goods and services.