Which of the Following Best Describes Profit Sharing

question 77

Multiple Choice

Which of the following best describes profit sharing?

• A) A gainsharing program in which employees receive a bonus if the ratio of labor costs to the sales value of production is below a set standard
• B) An incentive pay in which payments are a percentage of the organization's profits and do not become part of the employees' base salary
• C) A group incentive program that measures improvements in productivity and effectiveness and distributes a portion of profit to employees
• D) A combination of performance measures directed toward the company's profit and used as the basis for awarding incentive pay
• E) An incentive plan where a percentage of the previous year's profits is provided to the employees as a part of their salary

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Definitions:

Basic Manners

Fundamental etiquettes or behaviors expected by society to be demonstrated in social or professional settings.

Romantic Relationships

Emotional and physical partnerships between individuals that often involve love, attraction, and a commitment to one another.

Subordinates

Employees or team members who are lower in rank or position and report to a supervisor or manager.

Group Norms

Shared guidelines or rules that inform behavior within a group, influencing members' actions and interactions.