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:

Positive Psychology

The field of psychology that is about personal well-being and satisfaction; joy, sensual pleasure, and happiness; and optimism and hope for the future.

Personal Well-Being

Personal well-being is the overall state of an individual's emotional, psychological, and social health and happiness.

Sensual Pleasure

Enjoyment derived from gratifying bodily senses, such as taste, touch, and smell, often associated with a heightened sense of satisfaction and pleasure.

Optimism

An inclination to maintain a positive outlook and to expect the most favorable outcomes in situations.