Which of the Following Statements Is TRUE of a Profit-Sharing

question 61

Multiple Choice

Which of the following statements is TRUE of a profit-sharing plan?

• A) Under a profit-sharing plan, wage increases provided to the workers are based on the consumer price index.
• B) Under a profit-sharing plan, the wages paid to workers are based on the number of hours they work over the required time.
• C) Profit-sharing plans tend to increase waste and decrease efficiency.
• D) Under a profit sharing plan, employees receive a lump-sum payment in addition to their regular wages based on sales levels.

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Definitions:

XIC

Examine If Closed, a command in ladder logic programming that checks if a specific input or point in a control system is in an ON state, signifying an electrical circuit is complete.

OTD

OTD stands for "On-Time Delivery," a key performance indicator measuring the success rate of delivering services or goods within the agreed timeframe.

XIO

Represents an "Examine if Open" instruction in ladder logic programming, used to check if a specified condition, such as a switch being open, is met.

NC Limit Switch

A normally closed limit switch designed to maintain contact until it is activated or triggered by the movement of a machine part, then interrupting the circuit.