Which Are the Main Types of Profit Sharing Plans

question 33

Multiple Choice

Which are the main types of profit sharing plans?

• A) current assessment plan,deferred plan,and blended plan
• B) deferred plan,cash plan,and group plan
• C) combination plan,deferred plan,and current distribution plan
• D) current distribution plan,combination plan,and employee plan

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Definitions:

Performance Appraisal Process

A systematic evaluation of an employee's job performance and productivity in relation to certain pre-established criteria and organizational objectives.

Valid Performance Measurements

Indicators or metrics that accurately reflect the actual performance or productivity of an individual or organization.

Industry Experts

Individuals with extensive knowledge and experience in a specific field, recognized for their expertise and often consulted for their opinions.

Indicators Of Performance

Quantitative or qualitative measurements used to evaluate and track the efficiency, effectiveness, or success of an individual, group, or organization's activities.