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:

Coral Reefs

diverse underwater ecosystems held together by calcium carbonate structures secreted by corals.

Seawall

A man-made structure built along coasts to prevent erosion and flooding from the sea, often made of concrete, rocks, or other durable materials.

Jetty

An engineering structure built from the shore into a body of water to redirect current or tide, for example, to protect a harbor.

Breakwater

An offshore structure (such as a wall), typically parallel to the shore, that breaks the force of the waves to protect a shoreline or harbor.