Which of the Following Statements Is NOT True

question 16

Multiple Choice

Which of the following statements is NOT true?

• A) For motivational reasons, fixed formula profit-sharing plans are recommended.
• B) Stock bonus plans provide employees with the right to purchase shares in the future at a fixed price.
• C) Deciding the split is an important issue in gain-sharing plans.
• D) A key issue in designing profit-sharing plans is the form of the bonus payout.

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Definitions:

Peerless

Unique and having no equal; often used in legal contexts to describe something that has no identical counterpart.

Breach Of Contract

A violation of any of the agreed-upon terms and conditions of a binding contract.

Mistake In Meaning

A misunderstanding or misinterpretation of terms or conditions in a contract that can affect the validity of the agreement.

Mistake Of Law

A misunderstanding or incorrect interpretation of the law by an individual, which does not generally excuse compliance.