Which of the Following Is a Long-Term Pay Policy That

question 48

Multiple Choice

Which of the following is a long-term pay policy that can protect jobs and control labor costs by linking compensation to production?

• A) Internships
• B) Overtime pay
• C) Profit sharing
• D) Early retirement

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Definitions:

Gross Profit

The financial difference between the revenue generated from sales and the cost of goods sold, not accounting for other operating expenses.

Liabilities

Liabilities refer to the financial obligations or debts that an entity owes to others, which must be settled through the transfer of assets or providing services.