In Which Type of Incentive Plan Does an Employer Pay

question 33

Multiple Choice

In which type of incentive plan does an employer pay special sums based on the organization's net income over a specified period?

• A)profit sharing plan
• B)merit raises plan
• C)gainsharing plan
• D)individual bonus plan

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Definitions:

Price Level

A measure of the average prices of goods and services in an economy at a specific time, indicating the cost of living.

Economic Circumstances

The current state of the economy, which can affect financial markets, consumer behavior, and business operations.

Foreign Exchange Market

A marketplace where currencies are traded internationally, allowing businesses and countries to convert currency for international trade and finance.

Aggregate Demand

The total demand for all goods and services in an economy at any given overall price level and in a given time period.