Asked by Nicholas Paradas on Apr 24, 2024
Verified
Which are the main types of profit sharing plans?
A) current assessment plan,deferred plan,and blended plan
B) deferred plan,cash plan,and group plan
C) combination plan,deferred plan,and current distribution plan
D) current distribution plan,combination plan,and employee plan
Profit Sharing Plans
Compensation programs where employees receive a share of the company's profits, typically based on its financial performance.
Current Assessment Plan
A strategic blueprint designed to evaluate and improve current organizational processes and performance.
Blended Plan
A retirement plan combining aspects of both defined benefit and defined contribution plans.
- Grasp the concept, benefits, and drawbacks of different profit-sharing plans.
Verified Answer
Learning Objectives
- Grasp the concept, benefits, and drawbacks of different profit-sharing plans.
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