Asked by Tyree McDonald on May 22, 2024
Verified
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.
Verified Answer
Learning Objectives
- Recognize strategies to enhance the success of profit-sharing plans.
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