Asked by Patricia Czupryna on Jul 09, 2024
Verified
Profit-sharing plans represent one way that wealth can be redistributed at which of the following levels?
A) the international level
B) the regional level
C) the national level
D) the firm level
Profit-sharing Plans
Compensation strategies that distribute a portion of an organization's profits among its employees, often as a form of incentive or bonus.
Wealth Redistribution
The transfer of income, wealth, or property from certain individuals or groups to others by means of a social mechanism, such as taxation, charity, welfare, public services, land reform, monetary policies, or confiscation.
Firm Level
Pertains to policies, operations, or characteristics specific to an individual company or organization, as opposed to industry-wide or macroeconomic levels.
- Scrutinize the contribution of profit-sharing mechanisms to the increase in organizational earnings and the motivation of employees.
Verified Answer
SS
saqib sarwarJul 13, 2024
Final Answer :
D
Explanation :
Profit-sharing plans are mechanisms used within firms to distribute a portion of profits among employees, thus redistributing wealth at the firm level.
Learning Objectives
- Scrutinize the contribution of profit-sharing mechanisms to the increase in organizational earnings and the motivation of employees.