All of the Following Statements About Profit-Sharing Are True EXCEPT

question 115

Multiple Choice

All of the following statements about profit-sharing are true EXCEPT:

• A) profit sharing is somewhat similar to gain sharing.
• B) profit sharing rewards individuals according to some measure of organizational performance.
• C) profit sharing plans do not reward employees for specific productivity gains.
• D) profit sharing plans reward employees based on overall organizational profits.
• E) profit sharing plans have no criticisms.

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Definitions:

Automated Operations

The use of technology to perform tasks or processes automatically, typically involving minimal human intervention.

Task

A piece of work or duty to be undertaken, often characterized by a specific goal or set of requirements.

Resource Utilisation

Refers to the efficient and effective use of resources, such as materials, labor, and capital, to achieve organizational or project objectives.

Quantity And Quality

Refers to the scale and standard of goods or services, emphasizing the importance of balancing both aspects to meet customer satisfaction.