If a Firm Ends Its Fiscal Year with Profit,which Plan

question 3

Multiple Choice

If a firm ends its fiscal year with profit,which plan can the firm use to distribute part of the excess to employees?

• A) Gainsharing plan
• B) Profit-sharing plan
• C) Cafeteria plan
• D) Insurance plan
• E) Salary-sharing plan

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Definitions:

Communication

The act of conveying information or expressing ideas and emotions through verbal, non-verbal, written, or visual means.

Seven Rights

A guideline in medical practice emphasizing the importance of administering the right drug, at the right dose, at the right time, to the right patient, by the right route, with the right reason, and with the right documentation.

Drug Administration

The process by which a drug is provided to a patient, including the method and frequency of delivery.

Right Route

Pertains to ensuring medications or treatments are administered through the correct pathway or method as per medical guidelines to ensure efficacy and safety.