Asked by Jordan Novak on Jun 23, 2024
Verified
Profit sharing distributes to employees a proportion of new profits earned by the organization.
Profit Sharing
A corporate strategy where employees receive a share of the company's profits, typically distributed annually or quarterly, as part of their compensation.
- Differentiate between various types of compensation and benefits, including base pay, merit pay, bonuses, stock options, and gain-sharing.
Verified Answer
AM
ARADIVA MARDHATILAJun 27, 2024
Final Answer :
True
Explanation :
Profit sharing is a method of sharing new profits with employees, usually in the form of bonuses or additional compensation.
Learning Objectives
- Differentiate between various types of compensation and benefits, including base pay, merit pay, bonuses, stock options, and gain-sharing.
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