« previous next »

Author Question: Explain the difference between profit sharing and gain sharing. What will be an ideal ... (Read 86 times)

BRWH

  • Hero Member
  • *****
  • Posts: 553
on: Jul 7, 2018
Explain the difference between profit sharing and gain sharing.
 
  What will be an ideal response?

Question 2

One advantage of larger groups is that they have a greater number of resources at their disposal to accomplish their goals.
 
  Indicate whether the statement is true or false


InfiniteSteez

  • Sr. Member
  • ****
  • Posts: 340
Reply #1 on: Jul 7, 2018
Answer to Question 1

Profit sharing is a kind of gain-sharing pay plan. Employees participating in profit-sharing plans receive a certain share of an organization's profits. Pay plans that are linked strictly to organizational performance are often called gain-sharing plans. In organizations that have such plans, employees are given a certain share of the profits that the organization makes or a certain share of the expenses that are saved during a specified period of time.

Answer to Question 2

TRUE


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The FDA recognizes 118 routes of administration.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

Did you know?

Though methadone is often used to treat dependency on other opioids, the drug itself can be abused. Crushing or snorting methadone can achieve the opiate "rush" desired by addicts. Improper use such as these can lead to a dangerous dependency on methadone. This drug now accounts for nearly one-third of opioid-related deaths.

Did you know?

According to the American College of Allergy, Asthma & Immunology, more than 50 million Americans have some kind of food allergy. Food allergies affect between 4 and 6% of children, and 4% of adults, according to the CDC. The most common food allergies include shellfish, peanuts, walnuts, fish, eggs, milk, and soy.

Did you know?

Asthma-like symptoms were first recorded about 3,500 years ago in Egypt. The first manuscript specifically written about asthma was in the year 1190, describing a condition characterized by sudden breathlessness. The treatments listed in this manuscript include chicken soup, herbs, and sexual abstinence.

Terrestrial plants and animals can be characterized by analogous pathways for water gain and loss. Terrestrial plants and animals can be characterized by analogous pathways for water gain and loss.
Inverse Relation Between IQ and Disease. Could this explain the Flynn effect? Inverse Relation Between IQ and Disease. Could this explain the Flynn effect?
Research reveals that children’s motives for engaging in sports are to have fun and gain skills ... Research reveals that children’s motives for engaging in sports are to have fun and gain skills ...
A difference in oxygen content between the atmosphere and the exhaust gases enables an O2S to ... A difference in oxygen content between the atmosphere and the exhaust gases enables an O2S to ...
How to Factor a Sum or Difference of Two Cubes How to Factor a Sum or Difference of Two Cubes
Social scientists have not done well at devising theories to explain lovely romantic moments Social scientists have not done well at devising theories to explain lovely romantic moments
Video: Ear Virtual Tour Animation

For a complete list of videos, visit our video library