What Is Profit Sharing

question 100

Multiple Choice

What is 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 employees as a part of salary.

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Definitions:

Counterdependent Personality

A personality trait characterized by a strong resistance to depending on others or forming close relationships, often as a defensive mechanism.

Transformational Coping

A method of managing stress and psychological strain by altering one’s perspective on the stressor, often resulting in personal growth or change.

Perception

The cognitive process that enables us to interpret and understand our surroundings through the sensory data we receive from the environment.

Unhealthy Adjustment

Maladaptive responses or changes in behavior resulting from the inability to cope effectively with stressors or life changes.