Asked by Tyree McDonald on May 22, 2024

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To reduce failure when using a profit-sharing plan,you should do which of the following?

A) Involve line managers and employees in the program's creation to ensure their
Support.
B) Set clear goals for the program
C) Ensure that the employees understand the metrics that the program is measuring.
D) all of these

Profit-Sharing Plan

A company program that gives employees a share in the profits of the business, usually in the form of bonuses or stocks.

Failure Reduction

Strategies or measures taken to decrease the likelihood and impact of errors or unsuccessful outcomes.

Line Managers

Describes managers who have direct responsibility over a particular department or group within an organization and are directly involved in organizational goals.

  • Recognize strategies to enhance the success of profit-sharing plans.
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Verified Answer

DS
DaJour SpenceMay 23, 2024
Final Answer :
D
Explanation :
To reduce failure when using a profit-sharing plan, it is important to involve line managers and employees in the program's creation to ensure their support, set clear goals for the program, and ensure that the employees understand the metrics that the program is measuring. Therefore, all of these options will help to reduce the failure rate of the program.