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:

Program Design

The creation of a structured plan or sequence of actions aimed at achieving specific outcomes or solving particular problems.

CFOs

Chief Financial Officers, senior executives responsible for managing the financial actions of a company.

Hard Numbers

refer to quantitative data or statistics that are concrete and verifiable, often used to support arguments or analysis.

Soft Benefits

Intangible advantages or perks associated with a job, product, or service that may improve satisfaction or wellbeing but are not quantifiable in financial terms.